BAIC Group's sales in the first quarter exceeded 379,000 vehicles, and its overseas layout accelerated

Recently, BAIC Group announced its first quarter performance in 2024, with sales of 379,000 vehicles and an output value of 89.15 billion yuan, a year-on-year increase of 3.5%. It owns brands such as Polar Fox, Beijing Auto, Beijing Benz, Beijing Hyundai and BAIC Foton. In the first quarter, a number of models were launched to meet consumer demand and increase sales. At the same time, BAIC Group launched the Magic Core Electric Drive Super Drive solution and laid out the field of hybrid technology. In terms of overseas markets, BAIC New Energy signed the first batch of 200 Polar Fox orders in Spain to enter the European market; new product launches were held in Laos and Myanmar to expand its influence in the Asian market. In the field of commercial vehicles, BAIC Group launched a new new energy commercial vehicle brand, Carvin Automobile, and BAIC Foton developed the second-generation school bus to serve primary and secondary schools in Beijing.