Home / China News / News detail

BAIC Group gains 3.7% year-on-year growth in Q1 sales

Monika From Gasgoo| April 18 , 2019 07:00 BJT

Shanghai (Gasgoo)- China's stated-owned automaker BAIC Group announced that its revenue in the first quarter of the year reached RMB123.68 billion with a year-on-year increase of 11.6% and its quarterly profit rose 13.6%, outpacing the revenue growth.

BAIC Group gains 3.7% year-on-year growth in Q1 sales

For the first three months, the automaker's cumulative vehicle sales edged up 3.7% over the previous year to 573,000 units, 15 percentage points higher than the growth level for the overall auto market. Besides, the company exported 21,200 vehicles in total, a year-on-year jump of 25.8%.

As to subsidiaries' performances, BAIC Motor's self-owned brands saw the Q1 sales more than doubled over the same period a year earlier. Foton Motor sold 143,000 vehicles with a growth of 14.8%. Moreover, Beijing Benz, selling 145,000 vehicles, gained a year-on-year increase of 14.3%. Beijing Hyundai's wholesale volume aggregated 169,000 units. A total of 19,200 vehicles were exported by BAIC INTL and Foton Motor's overseas business arm, showing a growth of 10.7%.

BAIC BJEV's Jan.-Mar. sales totaled around 25,000 units, among which over 50% of sales came from mid-end and high-end products. At the ongoing Auto Shanghai 2019, BAIC BJEV shows off a number of BEV models, including the BAIC EC5 SUV, the 2019 EC3, the EU5 R600, the EX5 SUV as well as the EX3 SUV, and demonstrates its latest wireless charging technology.

Gasgoo not only offers timely news and profound insight about China auto industry, but also help with business connection and expansion for suppliers and purchasers via multiple channels and methods. Buyer service:buyer-support@gasgoo.comSeller Service:seller-support@gasgoo.com

All Rights Reserved. Do not reproduce, copy and use the editorial content without permission. Contact us: autonews@gasgoo.com
Series of China NEV ReportsTo subscribe
Series of China lntelligentConnected Vehicle Reports
Car and City