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baic bluepark lowered the design capacity of its subsidiary beijing new energy vehicle from 320,000 to 120,000

2024-09-23

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on september 23, it home learned from the announcement of baic bluepark new energy technology co., ltd. today that the production address of baic bluepark's subsidiary beijing new energy automobile co., ltd. has been changed to no. 188 xitong road, miyun district, beijing, and the original design production capacity has been adjusted from 320,000 vehicles to 120,000 vehicles.

the announcement stated that the original production address of beijing new energy automobile co., ltd. was no. 1 caihe road, economic development zone, caiyu town, daxing district, beijing, no. 1 nanhuan road, jiangshan town, laixi city, qingdao, shandong province, and north of dongshigang road, haihua avenue, economic development zone, huanghua city, cangzhou city, hebei province.

data from baic bluepark's 2024 semi-annual report showed that its revenue in the first half of the year was 3.741 billion yuan, a year-on-year decrease of 35.16%; the net profit attributable to shareholders of the listed company was a loss of 2.571 billion yuan, compared with a loss of 1.979 billion yuan in the same period last year.

in the first half of 2024, baic blue valley achieved sales of 28,011 units in the first half of the year; the company is currently focusing on building three major brands: polar fox, enjoy world and beijing. as of june 30, 2024, the polar fox brand has a total of 224 operating stores, and the company has built and operated a total of 141 polar fox charging stations, covering 13 cities in 10 provinces.