FOTON(SH:600166) Zhong Guo Zheng Quan Bao·2025-10-09 21:49Core Viewpoint - The incident involving the 212 off-road vehicle during a climbing event has sparked discussions about vehicle safety and quality, leading Beijing Automotive Group to clarify its non-involvement with the model in question [1][2]. Group 1: Incident Details - On October 1, a 212 off-road vehicle overturned during a climbing event, causing significant deformation of the A-pillar, although no injuries were reported [1]. - The vehicle involved was confirmed to be produced by Beijing Automotive Manufacturing Co., Ltd., which is not affiliated with Beijing Automotive Group [1][2]. - Experts noted that the accident highlighted the need for improved safety standards in professional events, with factors such as improper weight distribution and throttle control contributing to the incident [1]. Group 2: Brand and Ownership Issues - Beijing Automotive Group emphasized that the vehicle should not be referred to as "Beijing 212" or "Beijing Off-road 212," as these terms misrepresent the facts [2]. - Historical ties between Beijing Automotive Group and Beijing Automotive Manufacturing have led to brand confusion, as the latter was a subsidiary for 42 years before becoming a private enterprise [4][5]. - The ownership of the "212" trademark has been contentious, with Beijing Automotive Manufacturing contesting trademarks applied for by Beijing Automotive Group [5]. Group 3: Market Context and Future Implications - The off-road vehicle market in China is experiencing growth, with expectations of sales reaching 350,000 to 400,000 units this year [5]. - Despite the market potential, the T01 model from Beijing Automotive Manufacturing has struggled with low sales and quality criticisms, indicating a gap in manufacturing expertise [5]. - Industry experts suggest that the resolution of the "212 incident" could lead to clearer brand distinctions and improved safety standards within the sector [6].