BAIC to expand new-energy business

BAIC Motor Corp plans to expand its new-energy business from its subordinated enterprise BAIC BJEV to the majority of its self-owned brands, National Business Daily said.

According to the paper, BAIC Motor is likely to release its first plug-in hybrid product soon, and launch its new-energy business as a stand-alone company in the future.

The article said the plug-in hybrids will be produced on the same platform as the EV200 model produced by BAIC BJEV.

Recently, BAIC established a new-energy vehicle management department, to oversee the company's new-energy vehicle resources through research, development and production.