Beijing Electric Vehicle Blue Valley’s latest semi-annual report, released by the Epoch Times on August 24, 2025, shows a net loss of 2.308 billion yuan in the first half of this year. Although the loss has narrowed compared to the same period last year, the state-owned electric car company in Beijing still faces the dilemma of “the more you sell, the more you lose.” Data shows that since 2021, Beijing Electric Vehicle Blue Valley has accumulated losses exceeding 30 billion yuan, mirroring the operational challenges of other domestic car manufacturers.
During the reporting period, Beijing Electric Vehicle Blue Valley’s operating income reached 9.517 billion yuan, a significant increase of 154.38% year-on-year; the net loss attributable to the parent company was 2.308 billion yuan.
In the first half of this year, Beijing Electric Vehicle Blue Valley achieved sales of 67,000 vehicles, a staggering increase of 139.73% year-on-year. Despite the impressive revenue performance, the company has still been unable to escape the ongoing loss-making situation.
According to a previous report released by Beijing Electric Vehicle Blue Valley, in 2024, the company recorded a net loss attributable to the parent company of 6.948 billion yuan; a non-GAAP net loss of 7.323 billion yuan.
Data shows that Beijing Electric Vehicle Blue Valley has been consistently losing money in recent years. From 2020 to 2024, the net losses of Beijing Electric Vehicle Blue Valley were 6.482 billion yuan, 5.244 billion yuan, 5.465 billion yuan, 5.4 billion yuan, and 7.323 billion yuan, respectively. Excluding the first half of 2025 losses, the company has incurred a total loss of 29.914 billion yuan over the past 5 years.
Public information indicates that Beijing Electric Vehicle Blue Valley New Energy Technology Co., Ltd. (referred to as “Beijing Electric Vehicle Blue Valley”) is a listed company of the state-owned enterprise Beijing Automotive Group Co., Ltd. In 2018, Beijing Electric Vehicle Blue Valley became the first share of China’s new energy vehicles through a major asset restructuring. However, the company has continued to incur losses since going public.