Analysis of BAIC BluePark's 2023 financial report

BAIC Blue Valley's revenue in 2023 will reach 14.319 billion yuan, with new energy vehicle business contributing 10.123 billion yuan, but the overall loss will be 6.018 billion yuan, with cumulative losses reaching 22.78 billion yuan. The company's two major brands, Polar Fox and BEIJING, have 244 and 203 stores respectively, but sales are not good, especially the Polar Fox brand, which sold less than 20,000 vehicles in 2023. BAIC Blue Valley is facing huge operating pressure and needs to find new profit points.