BJEV setting up subsidiary to produce electric powertrains
The BAIC subsidiary Beijing Electic Vehicle (BJEV) is planning to found another subsidiary to produce electric powertrains for their vehicles, which will be named the Blue Valley Power Company. The initial step of the new power company will be to set up an annual production capacity of 100,000 electric vehicle driving system sets.
BJEVs existing manufacturing location in Caiyu, Beijing, will be expanded, rather than building a new facility, according to Beijing Municipal Environmental Protection Bureau. The power trains themselves will be used to power the Senova brand EV models, which will include the second generation of the D70, D50 and X55. Some of the new models are scheduled to be available as of this year, putting significant pressure on the Beijing production facilities.
The announcement follows the recent decision not to produce any more combustion vehicles as of 2025, which is strongly in line with the Chinese governments incoming environmental policies, and reflects the continued growth of the burgeoning industry in China. Last year, BJEV delivered 103,200 pur electric vehicles, which puts the company at the head of the Chinese EV market for the fifth year running.
To meet the rising demands, BJEV has also announced plans to stimulate production by building additional new factories in Changzhou, Qiangdao and Kunming.