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BAIC BJEV opens four plants to produce and sell 400,000 cars

Source: Internet Info Agency | Date: Oct. 28

  • In the first three quarters of the year, BAIC BJEV sold 11,247 cars, up over ten-fold year-on-year. BAIC Chairman Xu Heyi has said that BAIC BJEV is looking to produce and sell 400,000 cars annually in 2020, when the company will lead the local BEV market. Meanwhile, BAIC BJEV will ramp up its production capacity by opening at least four factories.

  • BAIC BJEV has now established two plants, which have a combined annual production capacity of 70,000 units. With its model lineup expanded, the current production capacity won't be able to support its rapid sales growth. Accordingly, BAIC BJEV plans to set up a new plant in Changzhou and Jiujiang respectively.

  • BAIC BJEV is expected to produce 500,000 cars annually in 2020, setting the scene for the sales target of 400,000 units. Additionally, the 500,000-unit annual production capacity will allow the company to launch more new models.

  • BAIC has opted to increase its investment in BAIC BJEV at a time when the latter's sales are exploding so as to expand its presence into more segments. Meanwhile, BAIC will expand its production capacity, as it looks to become a world-renowned electric vehicle maker.