Company:BAIC Motor

From HandWiki
BAIC Motor Corporation Limited
FormerlySenova
TypePublic
unlisted(A share)
SEHK: Script error: No such module "Leading zeros".&sc_lang=en Script error: No such module "Leading zeros".(H share)
ISIN[https://handwiki.org/wiki/index.php?title=Toollabs:isin/&language=en&isin=CNE100001TJ4 CNE100001TJ4]
IndustryAutomotive
Founded2010; 15 years ago (2010)
Headquarters
Beijing
,
China
Area served
Worldwide
Key people
Zhang Xiyong (GM)
Heyi Xu (chairman & Secretary of the Party Committee)
RevenueIncrease US$26,850,148 (2023)
Steady 300,518 (2023)
Total assets23,438,925 (2023)
Number of employees
31,236 (2024)
ParentBAIC Group
Rating
unrated(Moody's, May 2016)[1]
Websitebaicmotor.com
BAIC Motor Corporation Limited
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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".

See also: Company:Senova

Car

SUV

  • Beijing U5 Plus
    Beijing U5 Plus
  • Beijing U7
    Beijing U7
  • Beijing X3
    Beijing X3
  • Beijing X5
    Beijing X5
  • Beijing Mofang
    Beijing Mofang
  • Beijing X7
    Beijing X7

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 Hyundai Custo
    Beijing Hyundai Custo

Beijing Benz

Main article: Company: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-Mercedes-Benz E300L
    Beijing-Mercedes-Benz E300L

Shareholders

As of 31 December 2016[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

  • Automobile manufacturers and brands of China
  • List of automobile manufacturers of China

References

  1. ↑ "Announcement: Moody's: Beijing Automotive Group's A3 ratings unaffected by 2015 results" (Press release). Moody's. 6 May 2016. Retrieved 19 July 2017.
  2. ↑ "China establishes new automaker for "Beijing" brand automobiles". People's Daily. 30 September 2010. Archived from the original on 18 October 2012. https://web.archive.org/web/20121018173031/http://english.people.com.cn/90001/90778/90860/7154896.html. 
  3. ↑ "Daimler-backed BAIC Motor opens flat in Hong Kong debut". Reuters (Hong Kong). 18 December 2014. https://www.reuters.com/article/us-baic-motor-ipo-idUSKBN0JX06H20141219. 
  4. ↑ "BAIC Motor to take stake in Daimler China leasing firm". Reuters (Berlin). 22 March 2015. https://www.reuters.com/article/us-daimler-baic-motor-leasing-idUSKBN0MI0F520150322. 
  5. ↑ "绅宝品牌将退出市场 启用全新标识_汽车_中国网". http://auto.china.com.cn/view/qcq/20190708/698453.shtml. 
  6. ↑ For Hyundai as partner, see UPDATE 1-Hyundai Motor signs deal with Chinese carmaker reuters.com, Thu Oct 21, 2010 7:36pm EDT
  7. ↑ HYUNDAI REVEALS THREE NEW MODELS AT SHANGHAI AUTO SHOW Hyundai Official Site
  8. ↑ Daimler aims to nearly triple China sales by 2015 reuters.com, Fri Oct 22, 2010 8:12am EDT
  9. ↑ "2016 Annual Report". BAIC Motor. Hong Kong Stock Exchange. 26 April 2017. http://www.hkexnews.hk/listedco/listconews/SEHK/2017/0426/LTN201704261851.pdf. 
  10. ↑ 深圳市本源晶鸿股权投资基金企业(有限合伙)
  11. ↑ The Cornerstone Placing hkexnews.hk
  12. ↑ "易穎有限公司" (in Chinese). China Aerospace Investment Holdings. 12 April 2012. http://caih.spacechina.com/n9467/n9551/n123445/123781.html. 



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