BAIC BluePark Xiangjie brand product planning and channel expansion

BAIC Blue Valley Xiangjie brand plans to launch an extended-range model in the first half of next year, and is currently negotiating the commercial terms of the next model. In terms of sales channels, the S9 will be sold in about 400 stores, while Hongmeng Zhixing has about 1,000 stores across the country and is still expanding. In terms of production capacity, the company's announcement shows that the annual production capacity is 150,000 units, but the Borgward factory has reserved a production capacity of 300,000 units/year, which can be expanded quickly according to demand. At present, the plan to produce 120,000 units per year has been approved, which is enough to meet sales demand.