BAIC BluePark expects a net loss of 2.4-2.7 billion yuan in the first half of 2024

BAIC BluePark expects its net profit attributable to shareholders of the listed company to be between -2.7 billion yuan and -2.4 billion yuan in the first half of 2024. The main reason for the loss is the fierce competition in the new energy vehicle market and the company's continued investment in technology research and development and brand building.