| Industry | Automotive |
|---|---|
| Founded | 2010 (age 16) |
| Former name | Senova |
| Hq location city | Beijing |
| Hq location country | China |
| Area served | Worldwide |
| Num employees (2024) | 31,236 |
| Key people | Zhang Xiyong (GM) Heyi Xu (chairman & Secretary of the Party Committee) |
| Revenue | US$26,850,148 (2023) |
| Net income (2023) | 300,518 |
| Assets (2023) | 23,438,925 |
| Parent | BAIC Group |
| Website | baicmotor.com |
| S | 北京汽车股份有限公司 |
|---|---|
| T | 北京汽車股份有限公司 |
| P | Běijīng Qìchē Gǔfèn Yǒuxiàn Gōngsī |
| L | Beijing Motor Joint-stock Limited Corporation |
| Order | st |
| Altname | BAIC Motor |
| S 2 | 北京汽车 |
| T 2 | 北京汽車 |
| P 2 | Běijīng Qìchē |
| L 2 | Beijing Motor |
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.[1] It became a listed company in December 2014.[2]
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.[3]
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.[4] 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.[5] New models designed for the Chinese market are due to appear.[6]
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.[7]
Shareholders
As of 31 December 2016[8]: 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[9] |
| 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)[10][11] |
| N/A | other H share owners | 13.91% | ||
| N/A | other A share owners | 9.32% | ||
| Total | 100% |
See also
References
- ^ "China establishes new automaker for "Beijing" brand automobiles". People's Daily. 30 September 2010. Archived 18 October 2012 at the Wayback Machine.
- ^ "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 * 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". 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)[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.