BAIC

Arcfox said the T1 secured 26,558 firm orders within 12 hours of its launch.

Arcfox today saw the first production cars of its T1 compact electric SUV roll off the line, with pre-sales set to begin in late August.

Beijing Hyundai has completed the debut of the Elexio, saying it aims to launch a comeback bid by a joint venture automaker in China.

Arcfox has drastically reduced the official guide prices of 2 models and offered a limited time discount for another.

BAIC's EV arm BJEV has reduced its production capacity by 62.5 percent by reducing the number of production sites from three to one.

Arcfox has shipped vehicles to several countries and will accelerate its overseas sales and service network this year, it said.

Arcfox plans to start offering the α-S electric sedan in Japan in 2024, with Japan's startup Turing making some changes to the model's smart features.

BAIC BluePark said in an earnings preview on Thursday that it expects a net loss of RMB 1.8 billion to RMB 2.2 billion for the first half of the year.

From January to June, BJEV sold 17,010 units, up 144.43 percent from 6,959 units in the same period last year.

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