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SAIC Yuejin is a core light commercial vehicle brand under the Shanghai Automotive Industry Corporation (SAIC), operated by the Nanjing Branch of SAIC Maxus Automobile Co., Ltd. Its origins trace back to the "Second Field Transport Factory," which was born in 1947. On March 10, 1958, the Nanjing Automobile Manufacturing Plant successfully produced New China's first light goods vehicle here, which was named "Yuejin Brand" by the State Council, thereby opening the chapter of entrepreneurship in China's light truck industry.
As one of the pioneers and founders of China's automotive industry history, Yuejin not only built the country's first set of light truck manufacturing systems but also accumulated valuable R&D and management experience for the domestic light truck industry. The brand has been awarded honors such as "Top 10 Commercial Vehicles in China" multiple times and was rated as one of the "China Top 500 Most Valuable Brands" by the World Brand Laboratory in 2004. Since its inception, the brand has accumulated more than 68 years of profound R&D and manufacturing experience. Its products are sold globally, and it enjoys the industry reputation: "Long roads test a horse's power; long days reveal Yuejin's worth."
The brand logo outlines an abstract "Yuejin" posture with smooth lines, conveying the brand's gene of continuous progress and upward striving.
The development history of SAIC Yuejin is a condensed history of the rise, transformation, and resurrection of China's national automotive industry.
Hardship and Entrepreneurship Period (1947–1985): Early Yuejin vehicles belonged to the Nanjing Automobile Manufacturing Plant. Its predecessor traces back to the "Second Field Transport Factory," which engaged in ordnance repair during the War of Liberation. After the birth of the first light truck "Yuejin Brand" in 1958, Nanjing Automobile gradually became the most important light truck production base in China, accumulating talent and experience for subsequent Sino-foreign joint ventures in China's automotive industry.
Joint Venture and Ups and Downs Period (1986–2016): In 1986, Nanjing Automobile introduced IVECO technology from the Italian Fiat Group and established a joint venture with Fiat. During this period, Yuejin gradually became marginalized under the joint venture system. In 2005, Yuejin's overall sales volume ranked first in the domestic light truck market, reaching the peak of its business. In 2006, Nanjing IVECO acquired the Yuejin brand, and the brand was formally included in the joint venture system. For the following decade, while competitors rose rapidly, the Yuejin brand found it difficult to obtain continuous technical and capital investment under the joint venture framework. By 2016, it had fallen from a leading brand to outside the top ten in the light truck sales list.
In 2007, under government promotion, SAIC Group signed a comprehensive cooperation agreement with Yuejin Group, the controlling party of Nanjing Automobile. Nanjing Automobile's assets were fully merged into the SAIC system. This was the largest automotive enterprise M&A case in China at that time. Afterwards, Yuejin was included in the SAIC system and later transferred to SAIC Nanjing IVECO.
Return to Autonomy and Revival Period (2016–2025): At the end of 2016, SAIC Group stripped the Yuejin brand from Nanjing IVECO and merged it into the SAIC Maxus division in the form of an independent business unit. The brand then declared its return to the SAIC autonomy camp. Upon its return, SAIC Group immediately invested 1.5 billion RMB in special funds for Yuejin's product and technology upgrades and simultaneously introduced the SAIC Commercial Vehicle division's platforms, supply chain, and intelligent manufacturing systems.
Transformation and Metamorphosis Period (2025–Present): 2025 became a milestone year for brand development. Benefiting from the high-level collaborative integration of the technical platforms, supply chains, and service systems of three major brands—SAIC Maxus, Yuejin, and IVECO—Yuejin's annual sales broke through 40,000 units, a year-on-year increase of 127%, with new energy models accounting for nearly 57%. Entering 2026, the brand continued its rapid progress. In January and February, new energy light truck sales reached 2,895 units, up 260% year-on-year. Market share jumped to 17.4%, securing the top spot on the monthly list for this sub-market for consecutive months.
SAIC Yuejin has built a matrix of three core product series: "Beyond, Fuxing, Dana," fully benchmarking against full-scenario logistics needs such as city distribution, last-mile delivery, and individual wealth creation, achieving dual powertrain capability across both the fuel era and the new energy era.
Beyond Series: Positioned in the high-efficiency wide-body light truck market. Representative models include the Beyond H500 DaKa and others, mainly serving inter-city logistics, express transport, and cold chain transport sectors. It offers strong loading capacity and excellent fuel economy.
Fuxing Series: Focused on "practical wealth creation" with an outstanding cost-performance ratio. Developed based on the all-new Seventh Generation platform, it has high overall reliability. Among them, the Fuxing S90 Honor Edition is equipped with a Liuzhou Engine large-displacement engine. Compared to same-level competitors, it has 20 more horsepower, a maximum load capacity increased by 1 ton, and cargo box volume increased by 1.5 cubic meters. It has significant advantages in high-frequency wealth creation scenarios such as agricultural trade and wholesale.
Dana Series: Positioned for pure electric and smart logistics solutions. In 2025, the Dana series achieved annual new energy vehicle sales of over 26,000 units, a year-on-year increase of 147%. Its representative product, the Dana T1, is equipped with CATL Tianxing L batteries and supports 2C fast charging. Charging for 18 minutes can replenish energy from 20% to 80%, with a CLTC range of over 380 kilometers. The Dana T2 Swappable Battery Edition (81°) adopts CTC battery-body integration technology and supports 3-minute ultra-fast battery swapping. Comprehensive usage costs are reduced by more than 40% compared to fuel vehicles in the same scenario. The Dana T3 (71°), as a pure electric small truck, supports 30-minute fast charging to 80%, with per-kilometer energy consumption as low as 0.3 RMB, reducing usage costs by 50% compared to same-level fuel vehicles.
Aside from the three core series, SAIC Yuejin continues to maintain highly competitive small trucks and light trucks for long-term iteration on the traditional energy side. At the same time, based on the group-level "Tianyuan Architecture," the brand is driving a deep evolution toward green smart logistics.
2025: Comprehensive Recovery
In 2025, SAIC Yuejin's cumulative sales reached 40,168 units, up 127% year-on-year. Among them, traditional fuel vehicle sales were 17,446 units, and new energy vehicle sales were 22,722 units. The new energy vehicle share reached nearly 57%, highlighting strong green transformation momentum. Single-category sales of new energy light trucks were approximately 21,000 units, up 222% year-on-year. Regarding industry rankings, the annual wholesale market share reached 4.0%, an increase of 2.1 percentage points year-on-year. Industry ranking jumped two positions to 8th place, setting the second-highest historical position since the brand's integration and recovery.
In 2025, the brand won "Five Industry Firsts": first in year-on-year sales growth, first in new energy logistics vehicle growth, first in sales share among top modification enterprises, first in new energy special chassis market share, and first in sales share among top B-side customers.
Strong Start in 2026
Entering 2026, the brand continued its explosive growth trend. In January, SAIC Yuejin topped the new energy light truck monthly sales list with 1,671 units and a market share of 16%. Cumulative sales in January and February reached approximately 2,895 units (new energy light truck standard), a significant increase of 260% year-on-year. Market share surged from 6.1% to 17.4%. Overall brand sales in January and February (including fuel vehicles) reached 5,527 units. New energy vehicle sales increased by 86% year-on-year.
SAIC Yuejin's comprehensive rise benefited from a trinity technical system integrating group resources, independent R&D, and supply chain restructuring.
"Tianyuan Architecture" – The Technical Foundation for New Energy Smart Light Trucks: On March 27, 2026, the brand globally premiered the SAIC Commercial Vehicle Global New Energy Smart Light Truck Architecture - the "Tianyuan Architecture." The architecture takes the electric drive rear axle as its core, is homologous with the SAIC Maxus MIVA electronic architecture, is compatible with charging, swapping, and multiple energy replenishment modes, and can integrate intelligent driving and intelligent cockpit functions. This architecture marks the establishment of an extendable long-term competitiveness for the brand in terms of platformization and continuous technical upgrades.
"Dana T Series" Exclusive Three-Electric and Energy Replenishment Technology: SAIC Yuejin collaborated deeply with CATL to jointly develop the "Tianxing Battery," featuring an 8-year or 800,000-kilometer ultra-long warranty, and supports 2C fast charging capability. The Dana T1, equipped with this battery, needs only 18 minutes to replenish energy from 20% to 80%. The T2 Swappable Battery Edition, released in 2026, introduced CTC battery-body integration design. Energy density increased by 15% compared to traditional solutions, cycle life exceeded 10,000 times, and battery swapping is completed in only 3 minutes.
Intelligent Connectivity and Vehicle-Cloud Integrated Platform: Yuejin opens API interfaces, deeply connecting the full "person-vehicle-cargo-road-network-cloud" chain, providing services such as intelligent scheduling, energy consumption optimization, and predictive maintenance. Based on the deep cooperation between the group and Huawei Qiankun, Yuejin is accelerating the transition from "function stacking" to "cloud-integrated intelligence" in the commercial vehicle field.
Manufacturing Process Assurance: Yuejin products are produced at the SAIC Maxus Nanjing base. This base is the only Davos "Lighthouse Factory" certified by the World Economic Forum within the SAIC Commercial Vehicle system. Advanced intelligent manufacturing capabilities have provided a solid foundation for Yuejin's quality reliability and capacity release over the past two years.
SAIC Autonomy Power and Integration Advantages: With the deep synergy of the three major brands—Maxus, Yuejin, and IVECO—within the SAIC Commercial Vehicle division in terms of technical platforms, supply chains, and intelligent cockpits, Yuejin's vehicle development costs, cycles, and fuel economy have all been significantly improved compared to the past. This has enabled the rapid launch of fuel and pure electric dual-line products such as the Dana T series and the Beyond series National VI B models.
Overseas expansion is the key engine for the SAIC Commercial Vehicle division to move from "total volume expansion" to "value output." As one of the core members of the division, SAIC Yuejin's globalization pace is accelerating comprehensively. In 2025, the overseas export volume of the entire SAIC Commercial Vehicle division reached 103,000 units, a year-on-year increase of over 25%, with a footprint covering more than 100 countries and regions. Within the total export volume, light commercial vehicle export volume ranks second among Chinese automakers, and light passenger vehicle export volume ranks first among Chinese brands. SAIC Yuejin's contribution in this system is becoming increasingly prominent.
SAIC Yuejin takes "scenario-based technological innovation" as its core advantage. At the 2025 China International Fair for Trade in Services (CIFTIS), it became one of the top exhibitors. Three core display models received preliminary cooperation intentions from multiple overseas partners. By 2026, Yuejin has clearly planned to launch localized custom models for growth markets such as Southeast Asia, the Middle East, and South America. Relying on SAIC Group's rich network resources and supply chain influence in the global market, it aims to achieve localized technical matching, financial services, and after-sales support.
In January and February 2026, SAIC Commercial Vehicle sold 18,369 units overseas, an increase of 12% year-on-year. SAIC Yuejin will actively promote "setting sail overseas," moving from a traditional product trading model toward a dual upgrade of localized production and asset-light layout.
Standing at the intersection of historical heritage and innovative reform, SAIC Yuejin has established a clear new strategic route.
Sales and Market Share Targets: In 2026, SAIC Yuejin's overall sales target is 56,500 units, with year-on-year growth of about 40%. Among them, new energy vehicles are targeted at 26,600 units and traditional energy vehicles at approximately 29,400 units. The brand's market share target is planned to increase to over 5%.
Deep Implementation of New Energy and Dual Carbon Strategy: SAIC Yuejin has planned active investment in the long-term transformation of the "15th Five-Year Plan." In the medium term, it will focus on electrification, optimizing market share with low power consumption and extremely low life-cycle costs. In the long term, it will fully utilize the multi-mode integration capability of the Tianyuan architecture to achieve scenario adaptation and cost advantages in charging, swapping, extended-range, and other solutions.
Accelerated Iteration of the All-New Seventh Generation Platform: The all-new Seventh Generation small truck and light truck platforms are being accelerated for development. They will fully achieve "dual coverage of fuel and electricity," realizing breakthroughs across the board in fuel economy, power consumption, load capacity, and intelligence level.
Brand Dimension Enhancement and Youth Reshaping: The brand will break the inherent perception of "light truck equals hard labor tool," targeting new-generation users and entrepreneur groups. With a wealth-sharing ecosystem and experiential digital new media marketing, it will endow Yuejin with new brand connotations and fully embrace young logistics practitioners in the era of smart commercial vehicles.
Ecosystem Synergy and Business Model Upgrade: SAIC Yuejin is accelerating its transformation from a single vehicle manufacturing orientation to a "Green Smart Logistics Solution Provider." By connecting the full chain of vehicle manufacturing, energy replenishment, logistics operations, and financial services, and by cooperating with industry digital partners such as CATL, Digiteam, and SF Express, it provides value-added service integrations for B-side scale operations and individual wealth creation.
As a banner of China's light trucks for over 60 years, SAIC Yuejin, with its deep historical heritage and comprehensive layout in new energy, intelligence, and full-ecosystem logistics, is reloading its forces in the second half of China's commercial vehicle high-quality development, entering a fast track toward a new round of creative metamorphosis.
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