BRINGING DREAMS WITHIN REACH, THE ALL-NEW GENERATION OF HIGH-END BAIC SMART HEAVY-DUTY TRUCK GRANDLY LAUNCHED

On May 16^th, the all-new generation of high-end BAIC smart heavy-duty truck grandly launched, marking that BAIC GROUP accelerated the implementation of commercial vehicle strategic layout with record-breaking speed of 127 days since its official launch on January 9^th.

Creating value for customers with high-quality products and low-cost usage.

The product family unveiled by BAIC TRUCKS includes over 100 application scenarios in 15 segmented markets, covering more than 80% of the heavy-duty truck market.

BAIC TRUCKS ' commitment to high quality is evident in its deep understanding of the younger generation of users and the application of digital technology. Its emphasis on low cost is reflected in its comprehension of heavy-duty truck owners' usage scenarios. Compared to similar products, its quality is 20%-40% higher, with an average downtime of less than 5.3 days per year and a 5%-10% reduction in fuel consumption. This translates to an annual cost savings of 30,000-50,000 RMB for customers.

Adhering to innovation-driven and paving the way for intelligent manufacturing.

In the era of the Industrialized Internet, relying on digital transformation is a must-do to build the future economy and reshape corporate competitiveness. With innovation driving its approach, BAIC GROUP has developed the first digital twin smart factory in the commercial vehicle industry - DT@iFactory, enabling BAIC TRUCKS to achieve outstanding product quality and comprehensive upgrades in manufacturing intelligence and digitization.

BAIC TRUCKS has both offline factories and online cloud-based digital virtual factories. The needs of the offline factory are transmitted to the online factory, achieving real-time interconnectivity between the two. The offline factory is fully digitized, enabling the digital twin smart factory to improve quality by more than 22% and to reduce costs by over 20%.

By constructing a digitalized ecosystem, from product development to smart manufacturing and intelligent operation, via digital technology, BAIC TRUCKS has redefined digital productivity.

Powering high-quality development for BAIC GROUP, market demand and competition are key drivers.

As market demand evolves and technology advances, the commercial vehicle market is seeing significant growth potential, but also facing intensified competition.

BAIC FOTON, the subsidiary of BAIC GROUP, has been leading the commercial vehicle market in China, with over 11 million vehicles produced and sold worldwide. In 2022, BAIC FOTON held a market share of 14%, ranking first in the industry, and has been China's top commercial vehicle exporter for 12 consecutive years.

With the vision of "smart manufacturing creates high-quality products", BAIC GROUP is committed to continuously developing "High-Tech BAIC", upgrading intelligent manufacturing, fulfilling its original promise of "building better cars", and bringing more high-quality commercial passenger products to customers. BAIC strives to create more value for users through technological innovation.