BAIC MOTOR (01958) released its interim results, reporting a shareholder loss of 1.594 billion yuan, compared to a profit in the same period last year.

BAIC MOTOR (01958) announced its performance results for the six months ending June 30, 2026, during which the group achieved revenues of 57.726 billion RMB, a year-on-year decrease of 29.94%; the loss attributable to shareholders of the parent company was 1.594 billion RMB, a shift from profit to loss compared to the previous year; basic loss per share was 0.2 RMB. The Beijing brand insists on technological advancement, product evolution, and model innovation, building a user-oriented enterprise centered around the concept of "making good cars for users." In terms of off-road electrification, the brand is making a dual push into off-road and new energy, electrifying off-road vehicles; in terms of off-road intelligence, leveraging BAIC Group's "Yuanzheng" intelligence, it continuously enhances the level of intelligence in its off-road vehicles, providing consumers with comprehensive travel solutions from urban to off-road scenarios. Relying on the technical accumulation of the "Inventor of Chinese Off-Road Vehicles," the Beijing brand continues to promote brand and product innovation, fully committing to developing off-road and light off-road products to meet the diverse needs of different consumer groups. The BJ30 Traveler focuses on the entry-level light off-road market; the BJ40 Extended Range aims to become the king of extended-range rugged SUVs; the BJ40 Fuel version is positioned as a "full-scene professional off-road SUV," achieving equity in off-road capabilities. Currently, Beijing Benz has become a joint venture of Mercedes-Benz that simultaneously possesses platforms for front-wheel drive, rear-wheel drive, and electric vehicles globally, along with engine and power battery factories. It has achieved the export of core engine components and complete units, becoming an important part of Mercedes-Benz's global production network. Based on this, Beijing Benz primarily produces models such as the all-electric GLC, all-electric CLA, E-Class, C-Class, GLC SUV, etc. In response to the historical transformation of the automotive industry from fuel to electric, Beijing Benz is actively adapting and accelerating the pace of transformation towards "electrification, digitalization, and low carbonization." In terms of the electric product matrix, Beijing Benz has put into production a total of 7 all-electric models and will develop more "new generation luxury" models and "core luxury" models based on the new Mercedes-Benz modular architecture platform (MMA) and MB.EA pure electric platform in the future.