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BAIC Group H1 sales up 7.6%, gross profits jump 17% year on year

Monika From Gasgoo| July 10 , 2018 14:45 BJT

BAIC Group H1 sales up 7.6%, gross profits jump 17% year on year

Shanghai (Gasgoo)- Chinese stated-owned automaker BAIC Group delivered a total of 1.203 million vehicles in the first half of this year with a year-on-year growth of 7.6%, according to an official report made by the group.

Besides, BAIC Group achieved year-on-year growth of 9.5% in revenues and 17% in gross profits over the first six months.

For the first six months, Beijing Benz saw its cumulative sales jumping 19.6% from a year ago to 252,000 units. Thanks to the evident sales growth of the upgraded V-class model and the Vito, Fujian Benz's year-to-date sales soared 40% over the previous year to 13,000 units. In addition, Beijing Hyundai's sales performance has gradually picked up since the second half of 2017. By the end of June, it has handed over 38,000 vehicles this year, achieving a year-on-year sales jump of 26.2%.

The Beijing-headquartered automaker witnessed its Jan-to-June EV sales zooming 78.5% over the year-ago period to around 54,000 units, with its market shares ranking first in China and ranking third worldwide. The EX360 took the sales championship in the corresponding segment since it hit the market at the end of March and around 10,000 preordered vehicles remain to be delivered.

As a major player in mobility service area, BAIC Group has conducted quite a good performance as well. Its mobility subsidiary BAIC Mobility Co., Ltd has deployed a total of 18,000 cars by making full use of such technical carriers as big data and “Internet Plus”, which refers to the application of the internet and other information technology in conventional industries. Moreover, the mobility service brand dubbed “More Fun” has provided services across 14 cities in China with a total of 5,500 operating cars and has gained 360,000 registered users and 490,000 orders by far. 

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