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  BAIC Langu loses another 5.5 billion!

  Like many new energy car manufacturers, BAIC Langu is still not out of the loss quagmire. A few days ago, BAIC Blue Valley New Energy Technology Co., Ltd. (hereinafter referred to as "BAIC Blue Valley") released its financial results for 2022, showing that its operating income was 9.514 billion yuan, an increase of 9.4% over the same period last year, and a net loss of 54%.

  Losses sales cars brands koalas products markets new energy year round scene year mother and child cash target scale 2023-05-01
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  Sales skyrocketed but could not escape losses, BAIC Langu "big" blood transfusion

  A few days ago, BAIC Blue Valley issued an announcement saying that BAIC Blue Valley New Energy Technology Co., Ltd. (hereinafter referred to as "BAIC Blue Valley") and its subsidiary Beijing Blue Valley Jihu Automotive Technology Co., Ltd. (hereinafter referred to as "BAIC Jihu") respectively increase capital to Beijing New Energy Automobile Co., Ltd. (hereinafter referred to as "BAIC New Energy") according to their shareholding ratio.

  New energy sales companies funds brands cars fees Huawei growth losses markets limited equity announcements aspects 2023-01-03
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  With a further loss of 900 million yuan, BAIC Blue Valley achieved its sales target of 9%.

  On the evening of April 27th, BAIC Langu released its first-quarter results, showing that BAIC Langu achieved operating income of 1.731 billion yuan in the first quarter of 2022, an increase of 108.42% over the same period last year. The net loss of shareholders belonging to listed companies was 957 million yuan, down 12.08% from the same period last year. In recent years, BAIC Blue Valley performance statement

  New energy brands sales markets cars growth companies new cars subsidiaries limited limited models groups Alpha Alpha 2022-04-28
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  The stock price pulls up the sealing board, and BAIC's first electric car will be unveiled.

  Last week, Reuters reported that Huawei plans to build its own-brand electric vehicles and is discussing the contract manufacturing of Huawei electric vehicles with automakers such as BAIC Langu and Changan Automobile. At that time, Huawei reiterated that it would not build cars, but aimed to help car companies build good cars. BAIC Langu said publicly that BAIC Langu has been cooperating with Huawei for more than three years, and the content of the cooperation is not "contract manufacturing" as described by foreign media, but the launch of a joint model ARCFOX HBT. It is understood that ARCFOX α S HBT, the first model jointly built by BAIC Langu and Huawei, will be unveiled at the Shanghai International Auto Show in April 2021. Official explanation, ".

  Huawei BAIC 2021-03-02
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  With a further loss of 5 billion, BAIC Langu sells only 26000 vehicles a year.

  On the evening of March 25, BAIC Blue Valley released its annual results. According to the report, BAIC Langu realized operating income of 8.697 billion yuan in 2021, an increase of 64.95 percent over the same period last year. The net profit attributable to shareholders of listed companies was-5.244 billion yuan, compared with-6.482 billion yuan in the same period last year. Net profit belonging to shareholders of listed companies after deducting non-recurring profits and losses was-5.544 billion yuan, compared with-6.646 billion yuan in the same period last year. According to each quarter, BAIC Langu's net loss after deducting non-recurring profits and losses belonging to shareholders of listed companies in the first quarter was 898 million yuan, the net loss in the second quarter was 1.2 billion yuan, and in the third quarter.

  BAIC Blue Valley 2022-03-26
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  BAIC Langu lost 2.6 billion yuan in the first three quarters and may face the risk of ST.

  According to BAIC Blue Valley's results for the third quarter of 2021, revenue reached 6.098 billion yuan in the first three quarters and 3.921 billion yuan in the same period last year. The net loss attributable to shareholders of listed companies was 2.644 billion yuan, compared with 2.884 billion yuan in the same period last year. In terms of sales, BAIC Blue Valley sold a total of 16974 vehicles in the first three quarters, down 19.50% from the same period last year. Judging from the above data, although BAIC Blue Valley's revenue increased, net profit and sales said to be declining. BAIC Langu said revenue growth in the quarter and year-to-date was mainly due to vehicle sales and points revenue.

  BAIC Blue Valley 2021-11-09
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  BAIC Langu loses another 3.5 billion!

  On October 30th, BAIC Langu released its latest quarterly results, showing that operating income in the first three quarters was 5.707 billion yuan, down 6.41% from the same period last year, while the net loss of shareholders belonging to listed companies was 3.5 billion yuan, down 32.35% from the same period last year. In recent years, BAIC Blue Valley has performed poorly for two consecutive years.

  Huawei New Energy Brands Market cars losses users sales models Alpha Smart models sales driving 2022-10-31
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  Sales of EU series are sluggish, BAIC Langu plans to raise 5.5 billion yuan to focus on developing ARCFOX

  On the evening of August 3, BAIC Langu released a pre-plan for the non-public offering of A shares in 2020, which raised no more than 5.5 billion yuan, and the funds raised will mainly be invested in "ARCFOX brand high-end model development and network construction", "5G intelligent network connection system promotion" and "power exchange business system development" projects. The announcement shows that the non-public offering of BAIC Blue Valley shares includes no more than 35 specific targets, including BAIC Group and its related parties BAIC Guangzhou and Bohai Automobile. Among them, the number of shares subscribed by BAIC is not less than 29.57 of the actual number of shares issued this time.

  BAIC new energy 2020-08-04
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  BAIC Langu's sales halved in the first April, and Huawei delivered its models at the end of the year.

  Sales of new energy passenger cars in the narrow sense were 163000 in April, up 192.8% from a year earlier and down 12.0% from a month earlier, according to the Federation of passengers. Cumulative sales from January to April were 600000, an increase of 265.6 per cent over the same period last year. With the diversified development of the new energy passenger car market in April, SAIC and Guangzhou Auto performed relatively well. Car companies with sales of more than 10,000 vehicles included SAIC GM Wuling 30602, Tesla China 25845, BYD 25450, SAIC 13004 passenger vehicles. New car-building forces such as Ulai, ideal, Xiaopeng, Hezhong and Zero also performed well. As once a new energy automobile.

  BAIC Blue Valley 2021-05-14
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  BAIC Langu's revenue in the first half was 9.9 billion yuan, an increase of 76.63% over the same period last year.

  BAIC Langu officially released its 2019 semi-annual report. According to the report, revenue in the first half of this year reached 9.9 billion yuan, an increase of 76.63 percent over the same period last year, and net profit was 95.24 million yuan, up 9.7 percent over the same period last year. Net profit after deducting non-recurring profit and loss is still a loss of 123 million, compared with a loss of 54.09 million yuan in the same period last year. Non-recurrent gains and losses mainly come from government subsidies, and BAIC Langu received a government subsidy of 208 million during the reporting period. BAIC said that the development of new energy vehicles faced a more complex situation in the first half of this year. On the one hand, the country increases the support to the new energy automobile industry, the new energy automobile "double product."

  Revenue BAIC 2019-08-27
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  The term of office is less than half a year, BAIC Langu announced a change of leader.

  On January 26, BAIC Blue Valley New Energy Technology Co., Ltd. (hereinafter referred to as "BAIC Blue Valley") issued a notice that the board of directors recently received a "resignation letter" submitted by Jiang Deyi. He submitted to the board of directors his resignation as chairman, director, chairman and member of the strategy committee of the ninth board of directors of the company due to work reasons. After his resignation, Mr. Jiang Deyi will no longer hold any position in the company. It is worth mentioning that Jiang Deyi's term of office is less than half a year. In August 2020, Xu Heyi no longer served as secretary and chairman of BAIC Group because of his age, and Jiang Deyi, former chairman of Beijing Jinyu Group Co., Ltd., took over the post. According to the heavenly eye.

  BAIC new energy 2021-01-26
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  A car company announced a major personnel change!

  Today, BAIC Langu issued a notice on the change of industrial and commercial registration information of its subsidiaries. According to the contents of the announcement: Beijing Langu Jihu Automobile Technology Co., Ltd. has completed the registration procedures for industrial and commercial changes such as the company's legal representative and business scope. According to the latest industrial and commercial registration information of Beijing Langu Jihu Automobile Technology Co., Ltd.:

  Cars companies sales sales koalas Beijing losses people parents and children new energy brands industry and commerce mother and child Zhang Guofu Zhang Guo 2023-02-16
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  Subsidy for renewal of life? BAIC Langu received another 300 million yuan in industrial incentive funds

  Since the second half of 2019, due to the tightening of policy subsidies, the performance of the domestic new energy vehicle market has declined for several months in a row, such as BAIC Blue Valley and many other new energy vehicle companies that were originally profitable. A few days ago, BAIC Blue Valley announced that it had received another 300 million yuan in incentive funds for high-tech industries, and planned to be included in the total profits in 2019. On January 1 this year, BAIC Blue Valley announced that BAIC Blue Valley New Energy Technology Co., Ltd. recently received a notice from the Financial Audit Bureau of Beijing Economic and technological Development Zone on the allocation of highly sophisticated industry incentive funds to BAIC Blue Valley New Energy Technology Co., Ltd.

  BAIC Blue Valley 2020-01-03
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  Questioning again and again! Polar Fox Alpha S Huawei version of the market has been delayed again and again

  ​ recently, Huawei is vigorously promoting the delivery of the co-led M5, while the Alpha S Huawei HI version developed by BAIC New Energy and Huawei is nearly a year away from its release, and there is still no specific time for many ticket jumps. And its main body, BAIC Langu, is a listed company, and its section for communicating with investors has also been occupied by questioned investors, raising a lot of questions about its operation and market development, among which there is a lot of gunpowder, which makes Dong Mi unable to resist.

  Alpha S Huawei HI version 2022-02-22
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  BAIC Langu will push the brand koala

  On December 26, BAIC Blue Valley insiders said: "in early January next year, the polar fox brand will release a new category, when the koala will be unveiled." According to people familiar with the matter, the koala brand does not cooperate with Huawei, and the product is not based on polar fox's current IMC platform, which can be regarded as BAIC's "new" project. For the above

  Brands sales Alpha New Energy companies cars Huawei koalas Mom shares models products Markets 2022-12-27
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  Live on subsidies? BAIC New Energy receives another 500 million financial subsidy

  A few days ago, BAIC Blue Valley New Energy announced that the company received 500 million new energy financial subsidies. According to accounting, BAIC New Energy has received more than 670 million yuan in industrial support funds this year. On August 31, BAIC Langu New Energy received the notice of the Finance Bureau of Beijing Economic and technological Development Zone on the allocation of industrial support funds to BAIC Langu New Energy Technology Co., Ltd., and the new energy vehicle industry support fund of RMB 500 million. The announcement said that the impact of the above government subsidies on the company's total profits in 2019 is expected to be 500 million yuan. In July September 2019, BAIC New Energy announced that it was a subsidiary.

  2019-09-02
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  BAIC's new energy sales continued to plummet in August

  BAIC new energy vehicle sales continue to plummet. Even if China's new energy vehicle market recovers and grows in August, the former new energy giant has frequently encountered the embarrassing plight of a huge decline. According to the latest BAIC Blue Valley report, BAIC New Energy sold 2132 new cars in August, down 80 per cent from a year earlier to 18841 vehicles from January to August, down 78.68 per cent from a year earlier. BAIC New Energy, which has fallen by as much as 80%, has been completely out of touch with the overall market. According to the latest data from the Federation of passengers, China's new energy narrow passenger car sales in August were 93000, an increase of 12.3% over the previous month and 46.3% over the same period last year.

  BAIC new energy 2020-09-09
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  Sales plummeted, BAIC's new energy leader took office

  BAIC New Energy ushered in a new leader, and Liu Yu took up the post of manager. BAIC Langu issued an announcement on July 24, nominated by the nominating committee of the company's board of directors, and agreed to appoint Mr. Liu Yu as the manager of the company from the date of examination and approval of the board of directors. In June this year, due to personal health and age and other reasons, Ma Fanglie submitted his resignation as a director and manager to the board of directors of BAIC Langu, and no longer served as deputy secretary of the BAIC New Energy Party Committee and general manager, and was approved. A month later, Liu Yu took over the position and continued to lead BAIC's new energy development. According to the introduction, Mr. Liu Yu was born in November 1976 and graduated from Beijing Institute of Technology.

  BAIC new energy 2020-07-25
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  The reason for the collapse of BAIC's new energy sales has been found.

  BAIC New Energy, which once won the first place in the field of pure electric vehicles, has suffered a slump in sales and a loss in performance. What has happened to this car company? The answer can be found out by Liu Yu, general manager of BAIC Blue Valley, in an interview with the media. The new energy vehicle market, which has been declining for 12 months, finally ushered in an increase in sales in July this year, and the new energy business of a number of car companies temporarily ended the state of "falling". However, as once the largest domestic new energy vehicle sales company, BAIC New Energy continues to plummet. BAIC New Energy sold only 2009 vehicles in July, according to the BAIC Blue Valley report on August 12.

  BAIC new energy 2020-08-31
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  Sales soared but could not escape losses, BAIC Blue Valley lost 2.1 billion in half a year.

  A few days ago, BAIC Blue Valley released its semi-annual performance report, which showed that the operating income in the first half of the year was 3.479 billion yuan, an increase of 42.76% over the same period last year. The net loss of shareholders belonging to listed companies was 2.181 billion yuan, compared with a net loss of 1.813 billion yuan in the same period. In recent years, BAIC Blue Valley has not performed well and has lost money for two consecutive years.

  New Energy Brands sales Market cars users Huawei growth losses models subsidiaries Intelligence Group High-end Al 2022-08-10