BAIC BluePark faces 580m yuan in legal disputes

BAIC BluePark New Energy Technology announced its subsidiary filed arbitration for 143m yuan against Zhejiang Qianjiang Motorcycle regarding a sales contract dispute.

The company and its subsidiaries face 107 cumulative litigation and arbitration cases totaling 580m yuan over the past twelve months. The disputes primarily involve sales contracts and represent 10.53% of the company's most recent audited net assets.

Most cases remain in preliminary stages with uncertain outcomes and undetermined impact on profits.