BAIC BluePark, BAIC's new energy vehicle brand, sold 3,491 units in July, up 73.77 percent from 2,009 units in the same month last year, data released by the company showed Friday.
(Graphic by CnEVPost)
Its cumulative sales from January to July were 10,450 units, down 37.46 percent from 16,709 units in the same period last year.
BAIC BluePark produced 350 units in July, down 68.78 percent from 1,121 units a year earlier. Its cumulative production from January to July was 2,507 units, down 73.81 percent from 2,507 units in the same period last year.
BAIC BluePark's business conditions have continued to deteriorate in recent years, with its annual sales of 150,600 units in 2019 and plummeting to 25,914 units in 2020, with the company blaming the retreat of new energy subsidies.
BAIC BluePark 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 BluePark'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.
In fact, as the number one local Chinese new energy vehicle brand in terms of sales, BAIC BluePark 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.