Core Viewpoint - The collaboration between BAIC Group and Beijing Green Exchange aims to enhance the market competitiveness of the Arcfox brand through a carbon-inclusive mechanism, introducing personalized carbon passports for users to track their carbon reduction efforts [2][3]. Group 1: Carbon Passport Initiative - BAIC New Energy launched a user carbon passport, which is part of a corporate-led carbon-inclusive mechanism, recognizing individual carbon reduction efforts based on actual vehicle energy consumption [2]. - The carbon passport initiative is expected to lead to a cumulative carbon reduction of over 450,000 tons by 2025, equivalent to planting over 25 million tamarisk trees [2]. - The carbon-inclusive mechanism is designed to encourage green consumption, as research indicates that consumer carbon emissions are significantly higher than previously thought, accounting for 53% of total societal carbon emissions [2]. Group 2: Market Performance and Financial Outlook - The Arcfox brand has seen a notable increase in sales, with projected sales of 209,500 units for BAIC New Energy in 2025, representing an 84.06% year-on-year growth, and over 160,000 units attributed to the Arcfox brand [3]. - Despite the sales growth, BAIC Blue Valley (the parent company) anticipates a net loss of between 4.65 billion to 4.35 billion yuan for 2025, indicating that the company is still in a strategic investment phase [3]. - The company expects improvements in profitability as new products are launched and cost-reduction measures are implemented [3].

Core Viewpoint - Beijing Green Exchange has issued the first batch of personal "carbon passports" to 10 users of BAIC's Arcfox, promoting individual carbon reduction tracking and engagement in green lifestyles [1] Group 1: Carbon Passport Initiative - The carbon passport utilizes an authoritative accounting model provided by Beijing Green Exchange, based on actual vehicle energy consumption for personalized carbon reduction records [1] - The carbon passport includes social features, allowing users to adopt "carbon reduction linked electronic pets" and unlock various ecological benefits [1] Group 2: BAIC's Commitment to Sustainability - BAIC Group's Vice General Manager and Chairman of BAIC New Energy, Zhang Guofu, emphasized the ongoing "BLUE卫蓝计划" aimed at systematic low-carbon transformation across the entire value chain, including technology development, manufacturing, supply chain, and user ecosystem [1] - BAIC New Energy reported that by 2025, the cumulative carbon reduction for Arcfox owners is expected to exceed 450,000 tons, equivalent to planting over 25 million tamarisk trees [1]