(Graphic by CnEVPost)

In China's fast-growing new energy vehicle industry, traditional car giant BAIC's performance looks tepid.

BAIC's new energy vehicle brand BAIC Blue Park sold 1,585 units in June, down 47.31 percent from 3,008 units in the same month last year, according to data released by the company on Monday.

Its cumulative sales from January to June were 6,959 units, down 52.66 percent from 14,700 units in the same period last year.

BAIC Blue Park produced 318 units in June, down 77.43 percent from 1,409 units a year earlier. Its cumulative production for the first half of the year was 2,157 units, down 74.48 percent from 8,453 units in the same period last year.

In fact, BAIC Blue Park had a glorious past.

It was the number one pure electric vehicle seller in China for seven consecutive years from 2013-2019, with 2017 sales even surpassing Tesla as the global pure electric vehicle sales champion.

In recent years, however, BAIC Blue Park's business conditions have continued to deteriorate, with annual sales of 150,600 units in 2019 and plummeting to 25,914 units in 2020. The company blamed the plunge as a result of the "withdrawal of new energy subsidies".

BAIC Blue Park reported revenue of RMB 830 million ($12.961 billion) in the first quarter of this year, down 50.19 percent year-over-year.

It reported a net loss of RMB 854 million in the first quarter, up from a net loss of RMB 431 million in the same quarter last year.

BAIC Blue Park's operating income in 2020 was RMB 5.272 billion, down 77.65 percent year-over-year, with a net loss of RMB 6.482 billion, compared to a net profit of RMB 92 million in the same period last year.

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