BAIC BluePark New Energy Technology (SHA:600733) is planning to change its name to BAIC Arcfox new Energy Vehicle as it shifts its focus on new energy vehicles and to strengthen brand and market recognition, according to a filing with the Shanghai bourse.
The company said it has been "deeply involved" in new energy vehicles for years and has built three major brands-Arcfox, BEIJING and Xiangjie.
Shares of the automobile company were down 4% in recent trade.
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