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According to the announcement on BAIC's Langu website, BAIC's new energy subsidiary sold 8601 vehicles in October, down 69.2% from January to October, down 2.42% from January to October.

According to the data released by the Federation of passengers, new energy narrow passenger car sales in October were 63000, down 46.0% from the same period last year, up 2.0% from January to October, up 16.6% from a year earlier, and the cumulative growth rate accelerated dilution. It seems that BAIC New Energy is still difficult to stop the decline in sales after the decline of new energy subsidies.

In the first half of this year, BAIC New Energy took the initiative to optimize its capacity structure, and some of the former low-end main models stopped production one after another and turned to higher-level products. Now the EU and EX series have basically completed the switch to lower-grade models EC, and the product structure has made phased progress. As of the end of October this year, BAIC's cumulative production of new energy was only 24551 vehicles, down 69.82 per cent from the same period last year. In the face of increasingly strong market demand, this level of production capacity will obviously affect the terminal supply. However, in the long run, this kind of labor pains are also necessary for BAIC's new energy.

Previously, due to the era of subsidies, BAIC New Energy has been going all the way since its establishment in 2009, winning the championship in pure electric vehicle sales in China for six consecutive years. According to the data, BAIC New Energy sold 158000 vehicles in 2018, an increase of 53% over the same period last year, exceeding the 150000-year sales target.

In terms of subsidies, according to data, BAIC New Energy received 2.771 billion yuan in state subsidies and 2.188 billion yuan in local subsidies in 2017, totaling 2.959 billion yuan. At that time, BAIC New Energy had sold more than 100000 pure electric vehicles, an increase of 98% over the same period last year, making it the first pure electric vehicle company to sell more than 100000 cars.

It is not a unique instance, but has its counterpart! BYD's sales in October were not good either. According to BYD's sales figures, BYD's new energy sales fell 55 per cent year-on-year to 12567 vehicles in October. Among them, the sales of pure electric passenger vehicles were 7588, down 41.5% from the same period last year, and the sales of plug-in hybrid vehicles were 4454, down 67% from the same period last year.

It is worth noting that both BYD New Energy and BAIC New Energy declined sharply in October after a sharp increase in September. It seems that after the decline of new energy vehicle subsidies, the sales of new energy vehicles are still difficult to resist the cold of the car market.

In addition, the new brand BEIJING of BAIC New Energy was officially launched on October 15, and EU7, the first model of the BEIJING brand, will be launched at the same time. The car has launched a total of three models, with a subsidized price of 15.99-175900 yuan. In terms of range, the car is equipped with 60kWh's ternary lithium battery pack, which can reach 451km in comprehensive operating conditions.

Xu Heyi said that BAIC New Energy still adheres to its annual sales target of 220000 vehicles and said it would not lower its annual sales target. However, for BAIC New Energy, which is in transition, it is still a little difficult to achieve its annual sales target of 220000 yuan. After all, it is pressed by the current car market environment and other car companies. However, with the announcement of the new brand, BAIC's new energy sales are expected to be improved.

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