BAIC Blue Valley Releases May Production and Sales Data, Huawei's "Xiangjie" Trademark Transfer Completed

2024/06/03
Production & Sales
BAW
China
BAIC Blue Valley New Energy Technology Co., Ltd. announced its production and sales data for May 2024, with Beijing New Energy's sales reaching 5,433 units, a 33% increase year-on-year, although the cumulative sales for the year have decreased by 23.07% compared to the previous year. Huawei Technologies Co., Ltd. transferred its "Xiangjie" trademark to Beijing New Energy Automobile Co., Ltd., which will be used for the first executive-level luxury flagship sedan co-developed by Huawei and BAIC, the Hongmeng Zhixing S9, expected to launch in August with a price range of 450,000 to 550,000 RMB. BAIC Group has entrusted its BAIC Blue Valley shares to BAIC Co., Ltd. to layout the new energy passenger car industry at a more reasonable cost, share the development dividends, and leverage the synergistic advantages of strategic resources within BAIC Group. The new model, Xiangjie S9, features a simple design language, distinctive headlights and through-type light strip, smooth roofline and simple body lines, and a maximum range of over 800km.
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