On June 12, Beijing Off-road held a press conference at the Zhuzhou Super Factory. To celebrate the 150,000th BJ30 Traveler unit rolling off the production line and to launch a new version—the Highlight Edition.

Positioned as a light off-road SUV, the entire series receives a 30,000 yuan trade-in policy, resulting in a Super Trade-in price starting from 69,900. The newly launched Highlight Edition starts from 82,900 after the Super Trade-in. There was also an interesting segment on site, where Beijing Off-road joined forces with CCTV Finance to live stream the teardown of a BJ30 Traveler that had driven 150,000 kilometers, to show the entire internet exactly how the quality holds up after such extensive use.

First, let's talk about the data regarding these 150,000 units. Zhang Guofu, Vice President of BAIC Group and Chairman of Beijing Off-road, stated on site that the BJ30 Traveler is the model that achieved 150,000 units the fastest among China's light off-road SUVs. His exact words were that these 150,000 units carry the trust of the market, the industry, and global users. It is not only a breakthrough in speed, but also a quality monument forged by 150,000 choices and 150,000 users. This car uses HEV hybrid technology; he said this is China's answer sheet of HEV technology presented to the world.

So what exactly is in this HEV hybrid? Beijing Off-road developed a hybrid architecture called "Triple Motor, Four-Wheel Drive, Six Mode". The BJ30 Traveler is the first domestic Boxy SUV to use HEV hybrid technology. By Triple Motor, it refers to one hybrid-specific engine plus two drive motors, one front and one rear. The thermal efficiency of this engine reached 41%, the front motor is mainly responsible for real-time energy replenishment, and the rear motor is responsible for instant power burst. The four-wheel-drive system reaction speed is 30 milliseconds, and it can deliver peak torque in 0.5 seconds. The six modes require no worry from the driver; the system itself selects the optimal operating mode to ensure power is always in the best state. Combined with Energy Central Lock, Four-wheel Electronic Limited Slip, and a Smart Electronic ATS All-Terrain Control System, it can handle scenarios like mud and sand.

Regarding space, this car has a three-row seven-seat layout. The wheelbase is 2820 mm, the utilization rate is 66%, and the trunk can reach a maximum of 1496 liters. After the rear seats are folded flat, it can become a large bed 1.92 meters long. For the third-row space, they state it meets the standard of a B-class Boxy SUV, where an adult 1.8 meters tall will not feel cramped sitting inside. There are a total of 38 storage compartments in the car, with dedicated spots for phones and water bottles.

Fuel consumption has always been a talking point for the BJ30 Traveler. Recently, auto bloggers from five countries—South Africa, Indonesia, UAE, Poland, and Mexico—tested the fuel consumption of this car using local road conditions, and the results in each country were no more than 5 liters per 100 kilometers. A single tank of fuel can run over 1000 kilometers. Because it is HEV, there is no need to find charging stations; just refuel and go. Additionally, the first owner can enjoy a lifetime warranty for the whole vehicle. There are no safety hazards like those in high-voltage battery packs, maintenance is relatively simple, and parts supply is relatively sufficient.

Next, let's talk about the newly launched Highlight Edition. This version is an upgrade on appearance, performance, and experience based on the original Super Off-road, Super Space, and Super Fuel-saving features. In terms of appearance, it uses a classic Boxy shape, with a through-type light strip called the Five-Gate Star Ring, equipped with a full set of electric trend modification kit and exclusive Star Ring rims. The front and rear bumpers are the same color as the body. The interior uses a brand new orange color, plus metal texture trim plates. Performance changes mainly involve several hardware components: replacing a high-performance, long-life AGM battery, with cycle life said to be 3 times that of ordinary batteries; turbocharger technology using the same model as Porsche, with overall vehicle charging efficiency reaching 99%; rear motor power increased from 55 kW to 70 kW. This way, under scenarios like on-ramp merging, intersection starting, and emergency avoidance, the power response will be faster. Regarding experience, the body is higher than ordinary SUVs, with better visibility. It has seat heating, ventilation, and steering wheel heating. The system can detect rain and will automatically close windows. The 64-color ambient light can change with the rhythm of the music.

Let's return to that car teardown matter. 150,000 kilometers is roughly equivalent to the mileage of an ordinary family using it for nearly ten years. After opening it, the situation seen on site was as follows: the engine turbo is relatively clean, carbon buildup is minimal, and power output is still abundant; the transmission case has no oil leaks, and internal gears have no worn pits; the battery pack has no bulging or fluid leakage, nor any internal degradation or decay; the subframe and suspension control arms have no rust, nor any oil seepage or leakage. The flatness and neatness of the entire chassis are not much different from a new car. Speaking in their own words, this can bring users lower maintenance costs and a longer vehicle replacement cycle.

CCTV cameras also entered the Zhuzhou Super Factory. The welding workshop has hundreds of robots, the automation rate is 100%, and the glue application error is controlled within a single strand of hair. The stamping workshop uses giant stamping equipment of over 5,000 tons, forming in one go. The painting workshop is also fully automated by dozens of robots, using environmental-friendly water-based paint. Harmful volatile substances are reduced by over 60% compared to traditional paints. Every process step has quality control inspection.

Finally, let's talk about the policies. Besides the 30,000 yuan Super Trade-in subsidy, there are also five layers of gifts. The Warranty Gift is a free lifetime warranty for the whole vehicle worth 6,000 yuan, limited to the first non-commercial owner. The Finance Gift includes multiple plans such as 0 down payment. The Friend Referral Gift rewards up to an 800 yuan JD Card for successful referrals from old customers. The Upgrade Gift includes free lifetime OTA upgrades for the entire series. The Traffic Gift provides free lifetime base data, with unlimited entertainment data for 2 years. Additionally, coinciding with the World Cup, Beijing Off-road launched an activity. Purchasing a car at any authorized dealership nationwide grants prediction qualification. If you accurately predict the World Cup champion and final match score, you will receive an additional 50,000 yuan car purchase subsidy.

On June 12, the "150,000 Passions, Highlights Arrive" BJ30 Explorer 150,000 Units Production Milestone & Highlight Edition Launch Press Conference was held at BAIC Zhuzhou Super Factory. The BJ30 Explorer full series introduces a 30,000 yuan trade-in policy, with a super trade-in price starting from 69,900 yuan. The all-new annual model BJ30 Explorer Highlight Edition has launched, positioned as a light off-road SUV, with a super trade-in price starting from 82,900 yuan. Under the lens of CCTV, Beijing Off-road also live-streamed the teardown of a BJ30 Explorer with 150,000 kilometers driven, letting the entire internet witness the vehicle's reliable quality.

Beijing Off-road created the "Tri-engine Four-wheel Drive Six-mode HEV Hybrid Architecture" and applied it first to the BJ30 Explorer, becoming the HEV hybrid model in the Chinese Boxy SUV category. The tri-engine powertrain consists of a hybrid dedicated engine with 41% thermal efficiency, a front drive motor, and a rear drive motor, specializing in long-distance energy saving, real-time power replenishment, and instantaneous burst respectively; the intelligent four-wheel drive response speed reaches 30 milliseconds, with peak torque available in 0.5 seconds. The six modes can automatically select the optimal working mode, keeping power always in the best state. Coupled with the energy center lock, four-wheel electronic limited slip, and Smart Electric ATS All-Terrain Control System, it easily handles scenarios like mud and sand.

The BJ30 Explorer features a three-row seven-seat layout, with a 2,820 mm wheelbase, 66% space utilization rate, and 1,496 liters of trunk space, with the rear seats folding flat instantly transforming into a 1.92-meter large bed. The third-row space allows 1.8-meter tall adults to sit comfortably. There are 38 storage spaces in the whole car, with dedicated spots for personal items.

Recently, automotive bloggers from five countries—South Africa, Indonesia, UAE, Poland, and Mexico—tested the fuel consumption of domestic SUVs. The BJ30 Explorer achieved a result of no more than 5 liters per 100 kilometers in every country, with a range exceeding 1,000+ kilometers on a single tank.

On the occasion of the 150,000 units production milestone, Beijing Off-road launched a new model—the BJ30 Explorer Highlight Edition. Building on the foundation of "Super Off-road, Super Spacious, Super Fuel-efficient", it achieves a comprehensive leap in appearance, performance, and experience.

The BJ30 Explorer Highlight Edition adopts a classic Boxy SUV shape, fusing a rugged atmosphere with exquisite lines. The Five-Star Halo Full-width Light Group is eye-catching and handsome; the complete Electrification Style Mod Kit, exclusive Halo wheels, and front and rear same-color sport bumpers show all the passion and unconventionality; the brand new orange interior and metal texture trim plates outline layers and quality.

The BJ30 Explorer Highlight Edition is equipped with a high-performance, long-life dedicated AGM battery, with a cycle life reaching 3 times that of ordinary batteries; it features turbocharging technology, with vehicle charging efficiency reaching 99%; the rear motor power is increased from 55 kW to 70 kW, providing timely response for highway merging, intersection start-ups, and emergency evasion.

Compared to ordinary SUVs, the BJ30 Explorer Highlight Edition is equipped with functions such as seat heating, ventilation, and steering wheel heating. The system can sense raindrops and automatically close the windows. The 64-color ambient lighting can pulse to the rhythm of the music.

At the press conference scene, Beijing Off-road joined hands with CCTV Finance to live-stream the teardown of a BJ30 Explorer driven for 150,000 kilometers, demonstrating durability quality with actual vehicle condition. At the same time, the camera deeply explored the BAIC Zhuzhou Super Factory, witnessing how Chinese Smart Manufacturing maintains excellent quality control for every vehicle from the source.

150,000 kilometers is equivalent to the usage mileage of an ordinary family for nearly ten years. After disassembling the BJ30 Explorer: the engine turbine is clean with little carbon buildup, power output remains abundant; the transmission casing is intact without oil leakage, and internal gears show no wear or pits, with the power system in excellent condition; the battery pack has no bulging, leakage, or internal degradation or aging, so long-term use does not worry about battery aging faults; the subframe and suspension arms have no rust, seepage, or oil leakage issues. The chassis flatness, integrity, and difference from a new car are very small, and passive safety protection is always online.

Beijing Off-road also joined hands with CCTV Finance to deeply explore the BAIC Zhuzhou Super Factory, unveiling the underlying logic behind the BJ30 Explorer's excellent quality from the manufacturing source. In the welding workshop, hundreds of robots work collaboratively with 100% automation, with adhesive application errors not exceeding a hair's thickness, ensuring a stronger body skeleton, stronger impact and deformation resistance, no abnormal noise on rough roads, and safer during collisions; in the stamping workshop, more than 5,000 tons of giant stamping equipment presses the body sheets into shape at one time, ensuring the body is uniform and neat with smooth lines; in the painting workshop, dozens of robots perform fully automatic spraying, combined with eco-friendly water-based paint, reducing harmful pungent volatile substances by over 60%, new cars have no odors, making it safer for elderly and children to ride, and the paint surface is more sun-resistant and corrosion-resistant. At the same time, every process has a quality control checkpoint to ensure that every BJ30 Explorer that rolls off the line meets quality standards.

June 4, Jiangsu General Share Technology Co., Ltd. (hereinafter referred to as "General Share") issued a favorable announcement. The company recently received government subsidies totaling 37.608 million RMB, accounting for 0.60% of the latest audited net assets. The aforementioned subsidies belong to government subsidies related to assets and will be recognized as deferred revenue, further strengthening the company's asset foundation for subsequent development. During the critical period when General Share is striving hard to meet performance commitments and accelerating the release of overseas capacity, the arrival of this subsidy undoubtedly injected a shot of confidence into the company's positive development.

First Year of State Ownership Takes Test, Strong First Quarter Rebound Shows Resilience

In 2025, General Share completed a major leap from a private enterprise to state-owned capital control. In April of that year, the original controlling shareholder Hongdou Group signed an agreement with Suhao Holding Group. Suhao Holding acquired 24.50% equity for 2.118 billion RMB. After the transfer was completed in June, the company's actual controller was officially changed to the Jiangsu Provincial State-owned Assets Supervision and Administration Commission.

Accompanying the change in control rights was a performance commitment agreement demonstrating confidence in development: net profit attributable to shareholders for 2025-2027 shall not be less than 440 million RMB, 480 million RMB, and 530 million RMB respectively, totaling not less than 1.45 billion RMB over the three years. Affected by the superposition of multiple short-term factors such as increased international trade barriers, declining product unit prices, exchange rate fluctuations, and provision for impairment, General Share encountered "revenue growth without profit growth" in 2025. Revenue reached 8.497 billion RMB (a year-on-year increase of 22.11%), with net profit attributable to shareholders of 201 million RMB, putting pressure on the first-year commitment.

However, entering 2026, General Share quickly showed a strong recovery momentum. First-quarter financial reports show the company achieved revenue of 2.137 billion RMB, with net profit attributable to shareholders of 127 million RMB, a year-on-year growth of 23.24%; deducted non-recurring net profit was 125 million RMB, a significant increase of 32.42%. Particularly striking is that net cash flow from operating activities soared by 2605.19% to 339 million RMB, with profitability quality and operational resilience achieving a simultaneous significant leap.

Overseas Capacity Continues to Gain Momentum, Positive Cycle Accelerates

The stabilization and recovery of performance are primarily driven by the "overseas dual bases" strategically planned by General Share bearing fruit. The company stated that benefiting from the accelerated release of advantageous capacity in the Thailand and Cambodia bases, combined with the steady progress of the domestic semi-steel tire technical transformation project, tire product sales continued to climb, providing solid support for performance growth.

Currently, General Share is at a strategic new starting point empowered by state-owned assets. The realization of government subsidies, the surge in operating cash flow, and the strong overseas production and sales are converging into positive potential to push the company forward. In the future, whether General Share can ride the trend, accelerate the conversion of overseas capacity under the resource support of the state-owned asset platform, gradually bridge the performance commitment gap, and achieve a fundamental leap in operational quality and efficiency, is worth continued expectation from the market.

June 4, Jiangsu General Share Technology Co., Ltd. (hereinafter referred to as "General Share") issued a favorable announcement. The company recently received government subsidies totaling 37.608 million RMB, accounting for 0.60% of the latest audited net assets. The aforementioned subsidies belong to government subsidies related to assets and will be recognized as deferred revenue, further strengthening the company's asset foundation for subsequent development. During the critical period when General Share is striving hard to meet performance commitments and accelerating the release of overseas capacity, the arrival of this subsidy undoubtedly injected a shot of confidence into the company's positive development.

First Year of State Ownership Takes Test, Strong First Quarter Rebound Shows Resilience

In 2025, General Share completed a major leap from a private enterprise to state-owned capital control. In April of that year, the original controlling shareholder Hongdou Group signed an agreement with Suhao Holding Group. Suhao Holding acquired 24.50% equity for 2.118 billion RMB. After the transfer was completed in June, the company's actual controller was officially changed to the Jiangsu Provincial State-owned Assets Supervision and Administration Commission.

Accompanying the change in control rights was a performance commitment agreement demonstrating confidence in development: net profit attributable to shareholders for 2025-2027 shall not be less than 440 million RMB, 480 million RMB, and 530 million RMB respectively, totaling not less than 1.45 billion RMB over the three years. Affected by the superposition of multiple short-term factors such as increased international trade barriers, declining product unit prices, exchange rate fluctuations, and provision for impairment, General Share encountered "revenue growth without profit growth" in 2025. Revenue reached 8.497 billion RMB (a year-on-year increase of 22.11%), with net profit attributable to shareholders of 201 million RMB, putting pressure on the first-year commitment.

However, entering 2026, General Share quickly showed a strong recovery momentum. First-quarter financial reports show the company achieved revenue of 2.137 billion RMB, with net profit attributable to shareholders of 127 million RMB, a year-on-year growth of 23.24%; deducted non-recurring net profit was 125 million RMB, a significant increase of 32.42%. Particularly striking is that net cash flow from operating activities soared by 2605.19% to 339 million RMB, with profitability quality and operational resilience achieving a simultaneous significant leap.

Overseas Capacity Continues to Gain Momentum, Positive Cycle Accelerates

The stabilization and recovery of performance are primarily driven by the "overseas dual bases" strategically planned by General Share bearing fruit. The company stated that benefiting from the accelerated release of advantageous capacity in the Thailand and Cambodia bases, combined with the steady progress of the domestic semi-steel tire technical transformation project, tire product sales continued to climb, providing solid support for performance growth.

Currently, General Share is at a strategic new starting point empowered by state-owned assets. The realization of government subsidies, the surge in operating cash flow, and the strong overseas production and sales are converging into positive potential to push the company forward. In the future, whether General Share can ride the trend, accelerate the conversion of overseas capacity under the resource support of the state-owned asset platform, gradually bridge the performance commitment gap, and achieve a fundamental leap in operational quality and efficiency, is worth continued expectation from the market.