R&D investment increased by more than 50%, and Beiqi Blue Valley accelerated its efforts to develop the high-end pure electricity market

On January 6, the reporter learned from Beiqi Blue Valley that the latest financial data shows that in the first three quarters of 2021, Beiqi Blue Valley achieved a total revenue of 3.66 billion yuan, an increase of 352.19% year-on-year; cash flow also improved significantly, following the first half of 2021, after the cash flow of operating activities turned from negative to positive to 975 million yuan, reaching 3.05 billion yuan at the end of the third quarter.

Under the shroud of the continuous and repeated epidemics, China's new energy vehicle market in 2021 is still overtaking in the midst of great changes. Many new brands represented by new forces have accelerated the transformation of high-end intelligence and brought new atmosphere to the new energy automobile industry. As a pioneer in China's new energy automobile industry, Beiqi Blue Valley has taken the lead in entering the new energy vehicle market as early as 12 years ago, and is currently accelerating the road to brand upwards.

In order to seize the intelligent high-end pure electricity market, the proportion of R&D investment in Beiqi Blue Valley in 2021 has further increased. According to the data, from January to September 2021, the R&D investment was 652 million yuan, an increase of 54.5% year-on-year.

In May 2021, Beiqi Blue Valley raised an additional 5.5 billion yuan, mainly investing in the development and network construction of high-end models of the Jihu brand, the improvement of 5G intelligent network systems, and the development of power exchange business systems, and the proportion of low-end models was further reduced.

In order to build an industrial chain ecology that meets the needs of the era of automotive intelligence, Beiqi Blue Valley has established cooperation with technology giants in the industrial chain industry such as Huawei, Baidu, Magna, Didi, and Ningde Times. Among them, BAIC and Huawei have signed cooperation agreements four times in the past four years, and jointly established the "1873 Davidson Innovation Lab" for coordinated development.

The new HI version of the Polar Fox Alpha S jointly created by the two parties was also unveiled at the 2021 Shanghai Auto Show. This is the first high-end pure power production sedan equipped with Huawei's smart cockpit- Hongmeng car machine OS, and the industry's first wireless charging mass production model, and realizes intervention-free intelligent driving on Shanghai's urban roads. The model was officially mass-produced at the 2021 Guangzhou Auto Show and began to accept reservations. Data for the third quarter of 2021 showed an 183% increase in Alpha S deliveries sequentially.

The acceleration of the launch of new products has also accelerated the promotion of the "carbon neutrality" strategy. According to reports, Beiqi Blue Valley has established a calculation and tracking system for product carbon emissions through artificial intelligence, big data, blockchain and other technical means to achieve data transparency and traceability of carbon emissions, so as to facilitate the "whole life cycle" management action of products.

According to the data, as of the end of November 2021, the number of sales models in Beiqi Blue Valley exceeded 530,000 vehicles, with a total mileage of 23 billion kilometers, and a comprehensive energy saving and emission reduction of 3.93 million tons, equivalent to planting 14 million trees.

Image source: BAIC Group