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BAIC Unit Sells 100,000 New-Energy Cars in 2017

BAIC Group’s new-energy vehicle arm, which has a manufacturing base (pictured) in Qingdao, Shandong province, sold 777,000 new-energy vehicles in 2017, or around 13% of the total sold in China.
BAIC Group’s new-energy vehicle arm, which has a manufacturing base (pictured) in Qingdao, Shandong province, sold 777,000 new-energy vehicles in 2017, or around 13% of the total sold in China.

State-owned BAIC Group’s new-energy vehicle arm sold around 100,000 units in 2017, a company executive said.

Although it fell short of its 170,000-unit goal, the result was a nearly 100% increase from the year before, said Li Yixiu, chief manager of the subsidiary, BAIC BJEV, on Tuesday.

The company’s sales accounted for around 13% of the new-energy vehicles sold in China last year, which reached 777,000, according to data released by the China Association of Automobile Manufacturers on Thursday.

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