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Chinese car manufacturer From Wikipedia, the free encyclopedia
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 | ||||||
| |||||||
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]
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".
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]
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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]
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As 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% |
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