On the evening of December 12, BAIC Group released a statement, voicing its unwavering support and proactive engagement with the 'Compliance Guidelines for Pricing Practices in the Automotive Industry (Draft for Comment),' a document meticulously researched and formulated by the State Administration for Market Regulation. The primary objective of these 'Guidelines' is to foster a standardized competitive environment within the automotive sector and to champion the high-quality growth of the industry.

As a prominent state-owned automotive enterprise, BAIC Group is dedicated to enhancing its price compliance management framework. The group is committed to eradicating practices such as selling below cost (a form of predatory pricing) and misleading advertising. Furthermore, BAIC Group places a strong emphasis on safeguarding consumers' right to accurate and transparent information. Through these efforts, the group aims to cultivate a mutually beneficial and win-win industrial ecosystem that shares a common vision for the future.