Recently, BAIC Group announced its business results for May 2023. In May, Extreme Fox Motors successively doubled its sales, Beijing Hyundai's sales continued to rise, the commercial sector Beiqi Foton set another record in the light truck industry, the overseas market of independent passenger cars nearly doubled year-on-year, and new products such as the Extreme Fox Alpha S advanced version, the new EQE pure electric SUV, and Beijing heavy trucks were intensively launched.
Sales volume maintained a steady upward trend
In the past May, Extreme Fox achieved a gratifying delivery of 1,824 units, a year-on-year increase of 209%, and all models achieved an increase of more than 100%, maintaining a stable growth trend this year. From March to May, Extreme Fox has doubled its sales continuously.
Beijing brand new X7, Mofang and other fuel products increased by 114.53% year-on-year and 30.32% month-on-month; Deliveries of pure electric products exceeded 3,700 units, a year-on-year increase of 36.34%; Off-road vehicle products increased by 27.69% year-on-year and 4.76% month-on-month; The overseas market increased by 96.97% year-on-year and 6.34% month-on-month, and BAIC's autonomous passenger cars continued to accelerate the pace of going overseas.
In May, Beiqi Foton sold 46,106 units, up 15.2% y/y. Among them, the sales volume of new energy products was 2,403 units, a year-on-year increase of 107.77%, "leading" the new energy track with acceleration. Its Times Auto reached the milestone of 6 million units rolled off the production line, setting another record in the light truck industry.
Beijing Hyundai's overall sales in May continued to climb, up 86% year-on-year, of which the seventh-generation Elantra sold 11,307 units, up 154% year-on-year. Sales of the fifth-generation Tucson L and all-new ix35 "SUV Gemini" were 9,155 units, up 128% y/y. Beijing Benz deliveries once again exceeded 51,000 units, a year-on-year increase of 36.77%.
Products New cars are launched intensively
Build a good car for the user, let the user drive a good car. In May, BAIC's automobile, joint venture, and commercial sectors all welcomed the launch of new vehicles.
The Alpha S Advance Edition accelerates to 100 km/h in 3.5 seconds, is equipped with NCA intelligent driving, "cage" steel-aluminum hybrid body, and 800V high-voltage overcharge, winning the most stringent "five-star" safety evaluation of the 2021 version of C-NCAP in history, bringing users a more convenient and safe driving experience. Next, with the launch of the Extreme Fox Alpha S, Alpha T Forest Edition and Koala, the product matrix of the Extreme Fox will be further improved.
The all-new EQE pure electric SUV is the second domestic pure electric model in the Mercedes-EQ family based on the forward research and development of the EVA pure electric platform, which renews the luxury pure electric travel experience for Chinese customers with the globally unified Mercedes-Benz luxury quality and China's exclusive unique upgrade performance.
The new generation of mid-to-high-end Beijing heavy trucks is led by the strategy of "high quality and low cost", the product quality is 20%-40% higher than that of similar products, the annual number of downtime days is less than 5.3 days, and the comprehensive fuel consumption is 5%-10% lower than that of similar products, which can save users 3-50,000 yuan per year.
In addition, Beijing Hyundai has strengthened its confidence in developing confidence and enhancing its market competitiveness with the cooperation of both Chinese and Korean shareholders, and the all-new "smart home SUV" MUFASA will be launched in mid-June.
Strength Awards and honors
In recent years, based on the construction of the Capital International Science and Technology Innovation Center, BAIC Group has comprehensively and deeply promoted the strategy of scientific and technological innovation, formed industry-leading applications in key technical fields such as three electric vehicles, hydrogen fuel, intelligent networking, vehicle architecture, and off-road chassis, and its scientific and technological innovation strength has continuously obtained industry strength certification.
In the past month, the project "Key Technologies and Applications for the Development and Testing of AMT Heavy Commercial Vehicles for Complex Scenarios", nominated by BAIC Group and hosted by Beiqi Foton, won the second prize of the 2022 SAE China Science and Technology Award. In the evaluation of the China Automobile Consumer Research and Evaluation Test Procedure (CCRT), the Alpha S Advanced Edition scored a "assisted driving" evaluation grade A with 99.8 points, ranking first among all "assisted driving" test car models. BAIC Motor won the 2023 Tour de Tara Rally National 4WD Championship, achieving the "Four Consecutive Championships of the Tour of Towers".
In the service trade sector, BAIC Penglong ranked 9th in the "2023 China Automobile Dealer Group Top 100 List" with its total operating income of 44.491 billion yuan and total sales (including used cars) of 73,241 units in 2022, breaking into the top 10 of China Automobile Dealer Group for the first time, achieving a historic breakthrough.
The release of reform dividends has accelerated, and the quality of development has steadily improved. BAIC Group is making every effort to sprint the "midterm examination", continue to create value for users, and contribute more to accelerating the construction of a modern industrial system.
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