In the context of global energy structure transformation and environmental protection, the new energy vehicle industry has ushered in unprecedented development opportunities. BAIC BJEV, as a leading enterprise in China's new energy vehicle industry, is seizing this historic opportunity, accelerating its progress, and continuously promoting the innovation and development of the industry.
In 2023, BAIC BJEV once again proved its leading position in the field of new energy vehicles with its excellent market performance and technical strength. The company sold 92,172 new vehicles for the year, a year-on-year increase of 84%, which is inseparable from BAIC BJEV's continuous pursuit of technological innovation and accurate grasp of market demand. In particular, in the cooperation with Huawei Technologies, BAIC BJEV has further deepened its technical strength in the field of intelligent networked vehicles and jointly developed high-end intelligent pure electric cars, which not only enhances the competitiveness of BAIC BJEV's products, but also injects new impetus into the company's competitiveness in the field of global intelligent travel.
BJEV's growth is due to its continuous investment in technological innovation. The company continues to explore and apply cutting-edge technologies, such as intelligent driving, battery management systems, vehicle lightweight, etc., which not only enhance the competitiveness of ARCFOX Motors' products, but also win the company's reputation as a technological leader in the new energy vehicle market. BAIC BJEV's R&D team is committed to transforming the latest scientific and technological achievements into actual products and services to meet the needs of the market and consumers.
In terms of market expansion, BAIC New Energy also performed well. The company has not only achieved significant growth in the domestic market, but also made important progress in the international market. The cooperation with the Japanese company Turing and the cooperation agreement with the United Arab Emirates Ben Omir Holding Group are important milestones in the globalization strategy of BAIC New Energy. These cooperation not only opened up new market space for BAIC BJEV, but also enhanced the company's international influence.
BAIC BJEV's brilliant achievements in 2023 are clear evidence of the successful implementation of its technological innovation and market expansion strategy. The company has not only achieved remarkable results in the domestic market, but also demonstrated the effectiveness of its globalization strategy in the international market. As BJEV continues to deepen its internationalization strategy, we look forward to the company playing a greater role in the global new energy vehicle market in 2024 and contributing to the promotion of global green mobility."
*: Financial quotient information).
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