BAIC BluePark received 2 billion yuan in additional capital, and BAIC New Energy has a strong development momentum

BAIC BluePark announced that its shareholder Beijing Auto has increased its capital by RMB 2 billion to BAIC New Energy through a private agreement. This move is to meet the business development needs of BAIC New Energy and optimize its capital structure. After the capital increase, BAIC BluePark will remain the controlling shareholder of BAIC New Energy and have the right to make decisions on its major decisions, and will not change the scope of the company's consolidated financial statements. This capital increase will help ease the financial pressure of BAIC BluePark and provide support for it in terms of operation and management.