JAC Motors forecasts 68bn yuan half-year loss

JAC Motors expects a net loss of approximately 68bn yuan for the first half of 2025, compared to a 30bn yuan profit in the same period last year.

The company projects a non-recurring adjusted net loss of around 82bn yuan, down from a 9bn yuan profit previously.

Key factors include declining export business due to international market complexities and heightened overseas competition. The company's high-end intelligent new energy passenger vehicle project remains in production ramp-up phase and has not achieved economies of scale.