Industry dynamics

BAIC sells 2,276 NEVs in May, up 13% from April

Publishtime:1970-01-01 08:00:00 Views:22

From January to May, BJEV sales were 13,413 units, just slightly higher than Li Auto's sales in one month.

BAIC BluePark, the new energy vehicle (NEV) brand of BAIC, said today that its subsidiary Beijing Electric Vehicle (BJEV) sold 2,276 units in May.

This was up 90.14 percent from 1,197 units in the same month last year and up 12.84 percent from 2,017 units in April.

In the January-May period, the company sold 13,413 units, up 149.59 percent from 5,374 units in the same period last year.

BJEV's production in May was 1,261 units, up 167.73 percent from 471 units in the same month last year.

From January to May, BJEV's production was 4184 units, up 127.51 percent from 1839 units in the same period last year.

BJEV has had a glorious past, having held the top spot in pure electric vehicle sales in China for seven consecutive years from 2013-2019.

However, the company's business conditions have continued to deteriorate in recent years, with sales of just 26,127 units in 2021.

Its cumulative sales in the first five months of the year were only slightly higher than Li Auto's (NASDAQ: LI, HKG: 2015) sales of 11,496 units in May.

BJEV is now pinning its turnaround hopes on its Arcfox brand, with the Arcfox α-T SUV and Arcfox α-S sedan, the former was released at the end of October 2020 and the latter at the end of April 2021.

On May 7, BAIC and Huawei announced the launch of the Arcfox α-S equipped with "Huawei Inside", making it the first production sedan to be equipped with Huawei's full-stack smart car solution and Huawei's intelligent cockpit.

However, sales of the Arcfox α-S have not been announced yet.