BAIC Group Reports 5.67% Year-on-Year Growth in October 2024 Sales
In a recent announcement on November 5, BAIC Group revealed its latest sales figures for October 2024, reporting a total of 144,100 vehicles sold. This marked a 5.67% year-on-year growth for the automotive giant.
The standout performer in the group’s portfolio was the premium electric vehicle brand, ARCFOX. With sales reaching 11,122 vehicles in October alone, ARCFOX showcased remarkable momentum in the market. The brand’s cumulative sales for the first ten months of 2024 amounted to 57,863 vehicles, representing an impressive 218.6% year-on-year increase.
BAIC Motor, another key player within the group, achieved sales of 23,020 vehicles in October, reflecting a significant 120% year-on-year surge. Notably, the overseas market sales of BAIC Motor surpassed 10,000 units for the first time in a single month, indicating a growing global presence for the brand.
Foton Motor, the commercial vehicle subsidiary of BAIC Group, also delivered robust performance in October, with 56,000 vehicles sold. This marked increases from both the previous month and the previous year, showcasing the brand’s consistent growth trajectory. Additionally, BAIC’s heavy-duty truck division reported year-on-year and month-on-month growth in October sales, with the recent delivery of 100 next-generation digitalized heavy-duty trucks to Mexico.
In the Sino-Korean joint venture between BAIC Group and Hyundai, Beijing Hyundai recorded sales of 14,000 vehicles in October, further contributing to the group’s strong sales performance for the month.
Overall, BAIC Group’s diverse portfolio of brands and subsidiaries demonstrated solid growth in October 2024, with ARCFOX leading the charge in the electric vehicle segment. The group’s continued focus on innovation, expansion into international markets, and strategic partnerships have positioned it for sustained success in the competitive automotive industry.
