AutoBeta(AutoBeta.net)07/09 Report--

BAIC Blue Valley released subsidiary KuaiBao in June, while Beijing New Energy Automobile Co., Ltd. produced 5986 vehicles and sold 26072 vehicles in June. From January to June, production totaled 11222 vehicles, down 71.75% from the same period last year; sales totaled 65159 vehicles, up 21.57% from the same period last year.

According to the data, BAIC's cumulative production in the first half of the year fell sharply compared with the same period last year, while sales increased. Mainly due to BAIC new energy in the conscious control of production capacity, in the terminal for large-scale inventory processing. Judging from the data, BAIC New Energy has worked well.

Since June 26, the new energy vehicle subsidy policy has been formally implemented in 2019, the local government subsidy has been abolished, and the national subsidy standard has been greatly reduced, which may affect the follow-up development of the new energy vehicle industry to a certain extent. BAIC New Energy is cautious in response to a possible slowdown in the growth of the new energy market after the subsidy slump.

In recent years, new energy has been the focus of the development of BAIC. Xu Heyi, chairman of BAIC, said that new energy vehicles are related to the future of China's automobile industry as a whole. Manufacturing power and network power have put forward clear goals for the development of China's independent cars, and the development of intelligence and Internet connection is bound to become a new opportunity for China's automobile development.

According to the latest statistics from the Federation of passengers, in June this year, the wholesale volume of new energy passenger cars was 134000, up 98.7% from January to June last year, and the sales volume of new energy passenger cars was 577000, up 65.9% from the same period last year. The Federation believes that the good sales level shows that new energy passenger vehicles are gradually getting rid of their dependence on policy.

In the context of the gradual fall of the automobile consumption stimulus policy, sales growth is expected to be realized gradually in the third quarter.

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