BJEV sold 5,735 units in March, up 24.8 percent from 1,012 units in the same month last year and up 354 percent from 1,263 units in February.
BAIC BluePark, the new energy vehicle (NEV) brand of BAIC, said today that its subsidiary Beijing Electric Vehicle (BJEV) sold 5,735 units in March.
This was up 24.8 percent from 1,012 units in the same month last year and up 354 percent from 1,263 units in February.
BJEV produced 1,019 units in March, up 240 percent from 300 units in the same month last year. In the first quarter, the company produced 2,703 units.
BJEV has had a glorious past, having been the No. 1 seller of pure electric vehicles in China for seven consecutive years from 2013-2019.
However, BAIC BluePark's business situation has continued to deteriorate in recent years. It sold 150,600 units in 2019 and sales plummeted to 25,914 units in 2020.
BAIC BluePark is now pinning its turnaround hopes on its Arcfox brand, which has two models, the Arcfox α-T SUV and Arcfox α-S sedan, with the former released at the end of October 2020 and the latter at the end of April 2021.
Arcfox said Wednesday it will adjust the prices of all models starting May 1, with the specific plan to be announced by April 30.
That's because of rising upstream raw material prices and a reduction in state subsidies for NEV purchases, Arcfox said.