Shanghai (ZXZC)- BAIC BluePark New Energy Technology Co.,Ltd (BAIC Bluepark) announced on December 13 that its board of directors agreed an application to build a new vehicle plant featuring intelligent manufacturing technologies at Beijing Economic Technological Development Area.

According to the announcement, the Beijing-based new plant has a planned yearly capacity of 120,000 vehicles in total, of which the first phase, involving an investment of RMB2.5 billion, will be allocated with annual capacity of 50,000 vehicles. 

The company regards the NEV as a future strategic direction for global automotive industries. For the first 11 months, China all-electric PV outputs and sales reached 806,600 units and 790,900 units, surging 50.3% and 55.66% respectively from the previous year, according to the data released by China Association of Automobile Manufacturers (CAAM).

During such fast-growing period, BAIC BluePark said it plans to roll out premium products to improve its brand value and competitiveness. Thus it is ready to construct the new plant armed with high-end technologies and manufacturing abilities to brace its premium product ambition.

BAIC BJEV, operated as BAIC Bluepark's subsidiary, currently has four production bases in China. The base located in Beijing's Caiyu Town is used for trial production. The other three bases in Laixi (a county-level city of Qingdao sub-provincial city, Shandong Province), Huanghua (a county-level city of Hebei Province) and Changshu of Jiangsu Province are designed to produce budget new energy PVs, affordable BEVs and medium-high level new energy PVs.

The data announced by the China Passenger Car Association (CPCA) show that BAIC BJEV's wholesale volume amounted to 18,315 units in November. By the end of November, it has sold around 128,400 vehicles this year with a year-on-year leap of 54%.