How is the BAIC New Energy Huanghua Branch? Can it still start operations?

BAIC New Energy Huanghua Branch has suspended operations and cannot start work yet. BAIC New Energy Huanghua Branch's insufficient investment in technology research and development, coupled with loose assembly processes, resulted in frequent vehicle problems and the inability to start production. BAIC New Energy Huanghua Base was originally Beijing Automobile Manufacturing Co., Ltd. (BAIC Co., Ltd.). In 2011, it built a production base with an annual output of 200,000 vehicles (120,000 trucks/year and 80,000 passenger cars/year). Then in 2015, BAIC Group reorganized and acquired BAIC Co., Ltd., and the construction of the 120,000 truck project was suspended. In September 2018, BAIC Group adjusted its strategic development plan, transferred the entire assets of Beijing Automotive Group Co., Ltd. Huanghua Branch to Beijing New Energy Vehicle Co., Ltd., and registered and established Beijing New Energy Vehicle Co., Ltd. Huanghua Branch.