BAIC BluePark expects a net loss of about 6.5 billion yuan in 2024

According to the announcement of BAIC BluePark, the net loss attributable to shareholders of the listed company in 2024 is expected to be about 6.5 billion to 6.95 billion yuan, compared with a net loss of 5.4 billion yuan in the same period last year. The main reasons include the intensified competition in the new energy vehicle industry, the escalation of price wars squeezing profit margins, and the company's increased investment in technology research and development and product upgrades.