/PRZWT/Guangzhou,November 1,2024-On October 31,BAIC Blue Valley disclosed its results for the third quarter of 2024.In the first three quarters of 2024,BAIC Blue Valley's operating income was 9.818 billion yuan,an increase of 5.49%year-on-year;the cumulative sales volume of subsidiary BAIC New Energy 68,000 units,an increase of 23.9%year-on-year.
As a pioneer in our country's new energy automobile industry,BAIC Blue Valley pays attention to product quality and user experience,and provides users with leapfrog value in the building of the main business JIXU brand.At the same time,BAIC Blue Valley continues to improve JIXU marketing,channels and service systems to release market potential,so as to break through in the fierce competitive environment and show the advantages of scale.
Extreme Fox continues to increase in volume,highlighting product competitiveness
In recent years,the new cars of the Extreme Fox brand have been continuously improved,and the product matrix has been continuously improved,covering a wider range of market segments and meeting the diverse needs of different users.In 2024,new products such as Extreme Foxαcoefficient S5 and Extreme Fox Koala S will be launched,bringing enough leapfrog value to users and triggering a significant increase in sales.In the first three quarters of this year,the cumulative sales of Extreme Fox reached 46,741 units,an increase of 210%year-on-year.
The Extreme Foxαcoefficient S5,which was launched in June this year,integrates the attitude and control of supercars,the spaciousness and comfort of cars,and the fun and fun of smart cars.It brings the enjoyment of millions of luxury cars to the market within 200,000 yuan,which is called"the value benchmark of pure electric cars of the same level"by many media.At present,Extreme Fox'sαcoefficient S5 and Extreme Foxαcoefficient T5,which were launched last year,have become popular models favored by users with their excellent leapfrog value.In September this year,the sales of Extreme Foxαcoefficient S5 exceeded 3,000 units,and the sales of Extreme Foxαcoefficient T5 exceeded 4,000 units.
Extreme Foxαcoefficient S5 and Extreme Foxαcoefficient T5 in the price range of 12 to 180,000,the whole system is equipped with Ningde era battery,and the global 800V high-voltage overcharging platform has reached the 160,000 level,allowing more users to enjoy 10 minutes of charging 260km and 280km worry-free replenishment experience,becoming the popularization of 800V technology.The two cars also have many highlights such as C-class large space and Magna manufacturing,and products with similar quality,the price is more than 200,000.
Koala S,which was listed on August 7 this year,is the only pure electric SUV model in the market with a 100,000-level full-series standard Ningde era battery,a battery life of 500km,and a large space with side sliding doors.
Through BAIC Blue Valley's leapfrog value shaping of Extreme Fox,users can get a better product experience than other brands at the same price when purchasing Extreme Fox.This has become a key factor for Extreme Fox to achieve higher volume.
Technology Drives Extreme Fox Quality Improvement
With the in-depth development of the new energy vehicle industry,the development of enterprises relies more on electric and intelligent technology innovation.BAIC Blue Valley has comprehensively enhanced the product strength of Jinfu through electric and intelligent technology innovation.In the first three quarters of this year,BAIC Blue Valley's R&D expenses increased by 44.6%.
Backed by the technical heritage of BAIC Group,coupled with its own more than ten years of technical accumulation in the field of Sandian,BAIC Blue Valley released Darwin Technology Brand 2.0 in the first half of this year.This achievement not only fully demonstrates the company's strong self-research strength in the field of new energy vehicle manufacturing,but also empowers JIXU to have the advantages of easy driving,intelligence,safety and health.
In the field of Sandian,the power battery is a key component.The Aurora batteries carried by Extreme Fox are all made of Ningde Times batteries.On this basis,BAIC Blue Valley aims to ensure the safety of zero spontaneous combustion,durability,zero attenuation,and convenient charging.Through Xuanwu armor,submarine sealing,and fire blanket insulation technologies,it guarantees the global safety of battery OurHours and maintains a record of zero spontaneous combustion.
In terms of motors,the extreme front power of the extreme fox achieves less heat production and fast heat dissipation through the 8-layer flat wire,double-sided plastic-sealed silicon carbide,and"dragon scale fins"heat dissipation structure,allowing the extreme fox to accelerate by 3.7s at zero hundred kilometers,and the second 100 kilometers 60 to 160 acceleration time is only 7 seconds.
At present,the automotive intelligent network technology is in the ascendant,and BAIC Blue Valley has carried out a lot of exploration and promotion in this field.The fully self-developed"BAIC Intelligent Driving"system realizes the functions of highway point-to-point pilot assistance(NOA),automatic parking,memory parking and other functions.In addition,through the"BAIC Intelligent Cabin-Vehicle AI Agent",BAIC Blue Valley is building a scene-based intelligent space for JIFox.In June 2024,JIFox was selected into the first batch of L3-level intelligent networked vehicles pilot list of the Ministry of Industry and Information Technology,and is expected to enter the pilot stage of on-road traffic by the end of the year.
Combined with technology self-research,BAIC Blue Valley also has in-depth cooperation with high-quality partners.In August this year,BAIC Blue Valley and Huawei's first cooperative model in the smart selection mode,Xiangjie S9,was officially launched.This car is the first in the industry to take the HUAWEI ADS3.0 high-end intelligent driving system,upgraded to an end-to-end architecture,able to deal with complex traffic scenarios,and realize the auxiliary features of urban smart driving.
Take multiple measures to enhance the competitiveness of the system
Utilizing technological innovation capabilities to consolidate the product strength of JIHU,BAIC Blue Valley has taken multiple measures simultaneously,through a comprehensive upgrade of marketing,channels and service systems,to implement JIHU's brand influence in sales and build a scale advantage.
Many consumers found that JIHU broke the routine this year and created a series of phenomenal marketing activities by combining traffic IP.Since April this year,JIHU and"Walking with Hui"have cooperated to travel through Henan,Hainan,Shanxi,Chongqing and other places together,gaining high attention on the whole network,and the cumulative traffic has exceeded 100 million.In October this year,the 2024 Grand Canal Music Festival named by JIHU was held in Tongzhou,Beijing,which became a hot topic among music lovers.
In addition to attracting traffic,BAIC Blue Valley has also developed the ability to undertake traffic and promote order conversion through the combination of online and offline channels.In terms of offline channel construction of JIHU,BAIC Blue Valley focuses on long-term operation and long-term win-win,and cultivates the sales ability of dealer partners.
In terms of after-sales services,Extreme Fox has increased to 165 national service centers,covering more than 100 cities across the country.Through digital transformation,Extreme Fox services have changed from passive response to active provision,effectively improving user experience.At present,Extreme Fox's user after-sales satisfaction has a five-star praise of 4.99 points,and the participation rate has reached more than 90%.In terms of supplementary network construction,Extreme Fox has built and operated 141 charging stations,and the Extreme Fox APP charging map is connected to over 850,000 public charging piles.
The comprehensive development of marketing,channels and services has become a new driving force for the large-scale expansion of BAIC Blue Valley.
A series of favorable operations have given capital markets confidence in BAIC Blue Valley.On September 3,BAIC Blue Valley announced that the company's shareholder,Beijing Automotive Joint Stock Company,plans to increase capital by 2 billion yuan to its subsidiary,Beijing New Energy Automobile Joint Stock Company.At the same time,Beijing New Energy Automobile Joint Stock Company plans to increase capital and expand shares by introducing strategic investors through public listing.The amount of capital increase does not exceed 10 billion yuan.This means that BAIC New Energy is expected to receive a capital increase of 12 billion yuan to support the long-term development of the enterprise.
Looking back at the first three quarters of 2024,the growth of China's new energy automobile industry is obvious.According to the statistics of the China Association of Automobile Manufacturers,the sales of new energy vehicles have accounted for nearly 40%of the total sales of automobiles.With the booming market,BAIC Group's empowerment of JIHU is also up the ante.This year,BAIC Group proposed to invest more than 100 billion yuan in R&D by 2030,focusing on the field of new energy,and strongly supporting the long-term development of JIHU.
Under the full empowerment of BAIC Group's resources,manpower and technology,BAIC Blue Valley will continue to deepen user scenario insights and pay attention to the diversified needs of market segments,so that each JIFox product can eliminate user pain points and strengthen leapfrog value in the industry.At the same time,BAIC Blue Valley's marketing,channel and service system will continue to be optimized,and the scale effect will be further revealed,accelerating into the upward cycle.
