BAIC BJEV posts 2.5% year on year decline in Jan.-Apr. sales

Shanghai (Gasgoo)- BAIC BJEV’s vehicle sales in April, 2019 plunged 50.1% over the previous year to 5,009 units. For the first four months, its cumulative sales have aggregated 30,078 units, edging down 2.5% year on year, according to BAIC BluePark New Energy Technology Co.,Ltd, the parent company of the Beijing-based EV maker.

However, vehicle outputs were tremendously decreased compared with the same period a year ago. In April, BAIC BJEV only produced 578 vehicles, a year-on-year nosedive of 94.19%. Year-to-date outputs sharply slumped 90.01% to 3,430 units.

According to the China Passenger Car Association (CPCA), China’s new energy passenger vehicle (PV) retail sales in April reached 86,000 units, dropping 18.9% from the previous month, while jumping 24.6% from the previous year. The national new energy PV retail sales from January to April surged 83.9% to 335,000 units (the “PV” merely includes car, SUV and MPV).

(Photo source: official website of BAIC BJEV)

Among the top 10 NEV models by April retail sales, the BAIC EU Series was the second runner-up. Last month, the sales of this model skyrocketed 1,246% from a year ago to 4,738 units. As to year-to-date retail sales, the EU Series took the runner-up place with its sales marvelously rising 3089.5% to 24,081 units. 

BAIC BluePark said its operating income for the first quarter of 2019 soared 76.03% from the year-ago period to RMB3.127 billion. The quarterly net profit attributable to shareholders of the listed company reached RMB33.765 million.

The company explained that the growth in Q1 operating income should be ascribed to the increase in its sales volume and product structure adjustment.