On July 11, BaiC Blue Valley issued June production and sales express. Beijing Auto's Sales of new energy in June were 3,008 units, down 88.5 percent from 26,072 units a year earlier. Car sales in the first half of the year were 14,700, down 77.44% from 65,159 a year earlier.

In terms of output, Beijing Auto produced 1,409 new energy vehicles in June, down 76.5% year-on-year. In the first half of the year, the total output was 8,453, down 24.67 percent year on year.

In 2018, BAIC's cumulative sales of new energy vehicles exceeded 158,000 units, a 53% year-on-year increase, and it has been China's top new energy vehicle sales company for six consecutive years. By 2019, the state and local subsidies have sharply declined, and The sales volume of BaiC New Energy has also reached a turning point, with a year-on-year decline of 4.69%. However, the sales volume of BaiC New energy vehicles still ranks the first in China, with a total sales volume of 150,000 units. After 2020, sales of BaiC New energy plummeted, exceeding the normal decline of the new energy vehicle market.

As for the reasons for the decline in production and sales, according to BEIJING Auto New Energy, April to June is the transition period for the company's BEIJING brand logo change, the company took the initiative to adjust the wholesale volume, ready for the launch of the new standard model light loading. In addition, the coVID-19 epidemic in China and the new wave of coVID-19 in Beijing in June have all had a certain impact on the company's normal production and business plan.

According to a person close to BEIJING new energy sources, the second half of the year, as the new energy vehicles overall market recovery, a number of favorable policy support, as well as the main BEIJING new energy vehicles BEIJING - EU5 and upgrading, high-end models ARCFOX alpha T listed, in electric mode and network about car business growth, BEIJING auto sales of new energy or to have bottomed out, realize stabilising picks up.