BAIC BJEV also released the company's mid- and long-term planning at the event. For instance, battery energy density of the company's electric vehicle will increase to 350kWh/kg, enabling the customers to enjoy a longer driving mileage at the same price.

The all-new battery system will also endure extreme cold of 40 to 60 degrees centigrade below freezing, according to the company.

Self-developed integrated power assembly of the company can increase the product's system efficiency by 93 percent. Silicon carbide material is also a future option of electric vehicle's machine controller, the company said.

Cloud platform and the application of 5G technology will be implemented starting from 2020, said the EV manufacturer, while the L2.5 autonomous vehicle will go into mass production in 2020.

The company also launched the BAIC BJEV BluePark Power System Co Ltd at the conference, aiming to establish a top level technology and auto parts supplier for new energy cars.

BAIC BJEV has invested more than 2 billion yuan ($288.26 million) in R&D in the past three years, accounting for 7 percent of its operation revenue. The company's R&D investment totaled 873 million yuan in 2017, taking up 7.62 percent of that year's operation revenue.