(Yicai Global) Jan. 9 -- Shares in BAIC Bluepark New Energy Technology, the electric carmaking arm under China's state-owned Beijing Automotive Group, rose this morning after a 23.5 percent gain in December sales.

Its stock [SHA:600733] was up 2.3 percent at CNY6.23 (90 US cents) as of 10.46 a.m.

BAIC Bluepark sold 36,613 cars in December, up from 29,644 a year earlier, it said in a statement yesterday. Full-year sales were down 4.7 percent at 150,601 as falling government subsidies and an overall decline in the world's largest auto market hampered growth.