BAIC expects to make profit in 2019

BEIJING: BAIC Motor Corp will probably make a profit on sales of its own brands such as Senova cars next year after significantly reducing losses this year, chairman Xu Heyi said on Saturday. Such a reversal of fortunes for the carmaker’s Senova marque may add to the profit it already makes on the foreign brands that it jointly produces under partnership pacts. Xu said BAIC is selecting a site for a second manufacturing base in the Middle East while exploring the feasibility of a facility in Central Asia.