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.
 | |||||
| Formerly | Senova | ||||
|---|---|---|---|---|---|
| Company type | Public | ||||
| |||||
| ISIN | CNE100001TJ4 | ||||
| Industry | Automotive | ||||
| Founded | 2010 | ||||
| Headquarters | , China | ||||
Area served | Worldwide | ||||
Key people | Zhang Xiyong (GM) Heyi Xu (Chairman & Secretary of the Party Committee) | ||||
| Revenue |  US$26,850,148 (2023) | ||||
 300,518 (2023) | |||||
| Total assets | 23,438,925 (2023) | ||||
Number of employees | 31,236 (2024) | ||||
| Parent | BAIC Group | ||||
| Rating |
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| Website | baicmotor.com | ||||
| BAIC Motor Corporation Limited | |||||||
|---|---|---|---|---|---|---|---|
| Simplified Chinese | 北京汽车股份有限公司 | ||||||
| Traditional Chinese | 北京汽車股份有限公司 | ||||||
| Literal meaning | Beijing Motor Joint-stock Limited Corporation | ||||||
| |||||||
| BAIC Motor | |||||||
| Simplified Chinese | 北京汽车 | ||||||
| Traditional Chinese | 北京汽車 | ||||||
| Literal meaning | Beijing Motor | ||||||
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History
editBAIC 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
editBeijing 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
edit- Beijing U5/U5 Plus (2014–present), compact sedan
- Beijing U7 (2013–present), mid-size sedan
SUV
edit- Beijing X3 (2013–present), subcompact SUV
- Beijing X5 (2015–present), compact SUV
- Beijing X6 (2022–present), compact SUV
- Beijing X7 (2020–present), mid-size SUV
-
Beijing U5 Plus -
Beijing X6 -
Beijing X7
Joint ventures
editCurrent joint ventures
editBeijing Hyundai
editBeijing 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]
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Beijing Hyundai Custo
.jpg)
Beijing Benz
editAs 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-Mercedes-Benz E300L
.jpg)
Shareholders
editAs of 31 December 2016[update][9]: 15 : 49
| Rank | Name | Chinese name | Percentage | Footnotes |
|---|---|---|---|---|
| 1 | BAIC Group | 北汽集团 | 44.98% | State-owned enterprise, Beijing Municipal Government was controlling shareholder |
| 2 | Shougang "Shares" | 首钢股份 | 13.54% | Shanghai-listed company, Beijing Municipal Government was indirect controlling shareholder |
| 3 | Daimler AG | 9.55% | Frankfurt-listed company, shareholder of Beijing Benz | |
| Sub-total | 68.6% | |||
| 4 | Shenzhen Benyuan Jinghong Equity Investment Fund | 本源晶鸿基金 | 4.50% | A share owner; partially owned by BAIC Capital (of BAIC Group) as limited partner[10] |
| 5 | Easy Smart Limited | 易穎有限公司 | 3.67% | H share owner, Cayman Islands incorporated; subsidiary of China Aerospace Investment Holdings (CASC Group)[11][12] |
| N/A | other H share owners | 13.91% | ||
| N/A | other A share owners | 9.32% | ||
| Total | 100% |
See also
editReferences
edit- ^ "Announcement: Moody's: Beijing Automotive Group's A3 ratings unaffected by 2015 results" (Press release). Moody's. 6 May 2016. Retrieved 19 July 2017.
- ^ "China establishes new automaker for "Beijing" brand automobiles". People's Daily. 30 September 2010. Archived from the original on 18 October 2012.
- ^ "Daimler-backed BAIC Motor opens flat in Hong Kong debut". Reuters. Hong Kong. 18 December 2014. Retrieved 19 July 2017.
- ^ "BAIC Motor to take stake in Daimler China leasing firm". Reuters. Berlin. 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
- For strong 2009 sales, see Hyundai smokes the competition money.cnn.com, January 5, 2010: 9:45 AM ET
- For strong 2010 sales, see The entire Beijing Automotive Group overcomes difficulties —— makes great endeavor to the quicker development Archived 2011-07-07 at the Wayback Machine BAIC Official Site, 2009-07-20
- ^ 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" (PDF). 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)[permanent dead link]
- ^ The Cornerstone Placing hkexnews.hk
- ^ "易穎有限公司" (in Chinese). China Aerospace Investment Holdings. 12 April 2012. Archived from the original on 11 January 2019. Retrieved 19 July 2017.
External links
edit- Official website
- Business data for BAIC Motor: