BAIC BJEV plans for 6 new models by 2021
BJEV, the electric car subsidiary of the Chinese manufacturer BAIC, is planning six new models based on three BEV platforms by 2021. Daimler also holds a minority interest in the company.
The new models will be sedans, SUVs and vans. The company has not yet provided any more detailed information. In the first half of 2019, the Beijing-based company sold 65,159 electric cars, an increase of 21 per cent over the same period last year.
In addition, BAIC BJEV commissioned a 50,000 square-metre development centre for electric automotive components this week and inaugurated a laboratory that was built together with 14 partners, including Daimler. The plant will not only be used to develop electrical components, but also to improve car body construction with lightweight construction measures. The investment amounted to just over 2 billion yuan, the equivalent of around 260 million euros.
Beijing Electric Vehicle (BJEV) was founded in 2009 by BAIC as a development platform for New Energy Vehicles. The main business segment in China comprises research and development, production, sales and service for New Energy Vehicles and NEV core components. Daimler acquired 3.93 per cent in March 2018. As was announced this week, BAIC acquired a five per cent stake in Daimler.