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31 Jan
09:15

BAIC Bluepark estimates CNY 5.2-5.8 billinon net loss in 2022

Chinese automaker BAIC Bluepark estimates its 2022 net loss to be around CNY 5.2 billion ($769.54 million) to CNY 5.8 billion. Its 2021 net loss was about CNY 5.24 billion.   The company thinks the main reason for its decreased profit is the increasing cost of power batteries and other parts, Kallanish learns. It says: "The product sales of our company are still rapidly improving, and the scale effect is not very obvious. In order to…
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