BAIC Motor (01958) announced interim results with loss attributable to shareholders of 1,594 billion yuan year-on-year profit to loss

According to the Zhitong Finance App, BAIC Motor (01958) announced results for the six months ended June 30, 2026. The group achieved revenue of 57.726 billion yuan during the period, a year-on-year decrease of 29.94%; parent company owners should have accounted for losses of 1,594 billion yuan, a year-on-year profit and loss; a basic loss of 0.2 yuan per share.

The Beijing brand adheres to technological progress, product advancement, and model innovation, and builds a user-friendly enterprise around the concept of “building a good car for users”. In terms of off-road electrification, off-road and new energy are used to bring “electricity” to off-road vehicles; in terms of off-road intelligence, we rely on the BAIC Group's “Yuanjing” intelligence to continuously improve the level of off-road vehicle intelligence to provide consumers with full-scene travel solutions from city to off-road.

Relying on the technical accumulation of “Chinese off-road vehicle inventors”, the Beijing brand continues to promote brand and product innovation, making every effort to create off-road and light-off-road products to cover the diverse needs of different consumer groups. The BJ30 Traveler focuses on the entry-level light off-road market; the BJ40 range extension aims to become the king of range-increasing hardcore SUVs; the BJ40 fuel is positioned as an “all-scene professional off-road SUV” to achieve equal off-road power.

At present, the Beijing Benz industry has become a joint venture between Mercedes-Benz and Mercedes-Benz, which also owns three major model platforms for front drives, rear drives, and electric vehicles, as well as engine and power battery factories, and has been able to export core engine components and complete machines, making it an important part of Mercedes-Benz's global production network. Relying on this, Beijing Benz currently mainly produces pure electric GLC, pure electric CLA, E-Class, C-Class, and GLC SUVs. Facing the inflection point of the automobile industry's historical transformation from fuel to electricity, Beijing Benz responded positively and continued to accelerate the pace of “electrification, digitalization, and low carbon” transformation. In terms of the electric product matrix, Beijing Benz has put into production a total of 7 pure electric models. In the future, it will also build more “next-generation luxury” models and “core luxury” models based on the new Mercedes-Benz modular architecture platform (MMA) and the MB.EA pure electric platform.