BAIC Motor Corporation Limited is a Chinese automaker headquartered in Beijing. The H shares (foreigner share in offshore market) of the company were traded in the Hong Kong Stock Exchange. It was part of BAIC Group, itself a subsidiary of Beijing Municipal Government.
History
BAIC Motor was incorporated in 2010 as a sub-holding company of BAIC Group.[2] It became a listed company in December 2014.[3]
The firm announced plans, in March 2015, to extend its partnership with Daimler AG by taking a 35 percent stake in Mercedes-Benz Leasing, a leasing company incorporated in China.[4]
Vehicles
Beijing is BAIC Motor's major brand, revived in 2020 after BAIC Group discontinued its Senova brand. All the former Senova vehicles were renamed to Beijing brand since then.[5] The current Beijing models badged in English name "BEIJING".
Car
- Beijing U5/U5 Plus (2014–present), compact sedan
- Beijing U7 (2013–present), mid-size sedan
SUV
- Beijing X3 (2013–present), subcompact SUV
- Beijing X5 (2015–present), compact SUV
- Beijing Mofang (2022–present), compact SUV
- Beijing X7 (2020–present), mid-size SUV
Joint ventures
Current joint ventures
Beijing Hyundai
Beijing Hyundai Motor Co., Ltd. is an automobile manufacturing company headquartered in Beijing, China, and is a 50:50 joint-venture between BAIC and Hyundai Motor Company. Established in 2002, it manufactures in Shunyi District, a satellite city of Beijing, producing Hyundai-branded automobiles for the Chinese market.[6] New models designed for the Chinese market are due to appear.[7]
Beijing Benz
As of 2010, Beijing Benz, a BAIC joint venture with German automaker Daimler AG, makes the Mercedes-Benz C-Class and E-Class models for sale in China and seeks to make more of the models it sells in China locally.[8]
Beijing Hyundai
Beijing Hyundai Motor Co., Ltd. is an automobile manufacturing company headquartered in Beijing, China, and is a 50:50 joint-venture between BAIC and Hyundai Motor Company. Established in 2002, it manufactures in Shunyi District, a satellite city of Beijing, producing Hyundai-branded automobiles for the Chinese market.[6] New models designed for the Chinese market are due to appear.[7]
Beijing Benz
As of 2010, Beijing Benz, a BAIC joint venture with German automaker Daimler AG, makes the Mercedes-Benz C-Class and E-Class models for sale in China and seeks to make more of the models it sells in China locally.[8]
Shareholders
As of 31 December 2016[9]
See also
- Automobile manufacturers and brands of China
- List of automobile manufacturers of China
External links
References
- Announcement: Moody's: Beijing Automotive Group's A3 ratings unaffected by 2015 results Moody's, 6 May 2016, retrieved 19 July 2017^
- China establishes new automaker for "Beijing" brand automobiles People's Daily, 30 September 2010^
- Daimler-backed BAIC Motor opens flat in Hong Kong debut Reuters, 18 December 2014, retrieved 19 July 2017^
- BAIC Motor to take stake in Daimler China leasing firm Reuters, 22 March 2015^
- 绅宝品牌将退出市场 启用全新标识_汽车_中国网 auto.china.com.cn, retrieved 2023-09-05^
- For Hyundai as partner, see UPDATE 1-Hyundai Motor signs deal with Chinese carmaker reuters.com, Thu Oct 21, 2010 7:36pm EDT^
- HYUNDAI REVEALS THREE NEW MODELS AT SHANGHAI AUTO SHOW Hyundai Official Site^
- Daimler aims to nearly triple China sales by 2015 reuters.com, Fri Oct 22, 2010 8:12am EDT^
- 2016 Annual Report BAIC Motor, Hong Kong Stock Exchange, 26 April 2017, retrieved 19 July 2017^
- 深圳市本源晶鸿股权投资基金企业(有限合伙)^
- The Cornerstone Placing hkexnews.hk^
- 易穎有限公司 China Aerospace Investment Holdings, 12 April 2012, retrieved 19 July 2017^