View source for Company:BAIC Motor

{{short description|Chinese car manufacturer}}
{{Infobox company
| name = BAIC Motor
| logo = BAIC Motor Logo.jpg
| logo_size = 
| logo_alt = BAIC Motor logo and bilingual name
| logo_padding = 
| image_size = 
| image_alt = 
| traded_as = {{aligned table|fullwidth=y|style=text-align: left; font-size: 100%;|''unlisted''|(A share)|{{SEHK|01958}}|(H share)}}
| ISIN = {{ISIN|sl=n|pl=y|CNE100001TJ4}}
| type = [[Finance:Public company|Public]]
| industry = {{wipe|Automotive industry}}
| founded = {{Start date and age|2010}}
| founder = 
| former_name = [[Company:Senova|Senova]]
| hq_location = 
| hq_location_city = [[Place:Beijing|Beijing]]
| hq_location_country = China
| area_served = Worldwide
| num_locations = 
| num_locations_year = 
| num_employees = 
| num_employees_year = 
| products = 
| services = 
| equity_year = 2016
| owner = 
| parent = BAIC Group
| rating = {{aligned table|fullwidth=y|style=text-align: left; font-size: 100%;|''unrated''|{{nowrap|(Moody's, May 2016)<ref>{{cite press release|url=https://www.moodys.com/research/Moodys-Beijing-Automotive-Groups-A3-ratings-unaffected-by-2015-results--PR_348485|title= Announcement: Moody's: Beijing Automotive Group's A3 ratings unaffected by 2015 results |date=6 May 2016|access-date=19 July 2017|publisher=Moody's}}</ref>}}}}
| website = [http://www.baicmotor.com baicmotor.com]
}}
{{Infobox Chinese
| title = BAIC Motor Corporation Limited
| 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
| s2 = 北京汽车
| t2 = 北京汽車
| p2 = Běijīng Qìchē
| l2 = Beijing Motor
}}
'''BAIC Motor Corporation Limited''' is a Chinese automaker headquartered in [[Place:Beijing|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.<ref>{{cite news|url=http://english.people.com.cn/90001/90778/90860/7154896.html|title=China establishes new automaker for "Beijing" brand automobiles|date=30 September 2010|archiveurl=https://web.archive.org/web/20121018173031/http://english.people.com.cn/90001/90778/90860/7154896.html|archivedate=18 October 2012|work=People's Daily}}</ref> It became a listed company in December 2014.<ref>{{cite news|url=https://www.reuters.com/article/us-baic-motor-ipo-idUSKBN0JX06H20141219|title=Daimler-backed BAIC Motor opens flat in Hong Kong debut|date=18 December 2014|access-date=19 July 2017|location=Hong Kong|work=Reuters}}</ref>

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 [[Finance:Finance lease|leasing]] company incorporated in China.<ref>{{cite news | work=Reuters| date=22 March 2015| title=BAIC Motor to take stake in Daimler China leasing firm | url=https://www.reuters.com/article/us-daimler-baic-motor-leasing-idUSKBN0MI0F520150322|location=Berlin}}</ref>

==Vehicles==
Beijing is BAIC Motor's major brand, revived in 2020 after BAIC Group discontinued its [[Company:Senova|Senova]] brand. All the former Senova vehicles were renamed to Beijing brand since then.<ref>{{Cite web |title=绅宝品牌将退出市场 启用全新标识_汽车_中国网 |url=http://auto.china.com.cn/view/qcq/20190708/698453.shtml |access-date=2023-09-05 |website=auto.china.com.cn}}</ref> The current Beijing models badged in English name "BEIJING".


=== Car ===
*[[Engineering:Beijing U5|Beijing U5/U5 Plus]] (2014-present), compact sedan
*[[Engineering:Beijing U7|Beijing U7]] (2013-present), mid-size sedan

=== SUV ===
*[[Engineering:Beijing X3|Beijing X3]] (2013-present), subcompact SUV
*[[Engineering:Beijing X6|Beijing X6]] (2022-present), compact SUV
*[[Engineering:Beijing X7|Beijing X7]] (2020-present), mid-size SUV
<gallery>
File:Beijing_U5_Plus_003.jpg|Beijing U5 Plus
File:Beijing_X6_001.jpg|Beijing X6
File:Beijing_X7_001.jpg|Beijing X7
</gallery>

=== Discontinued vehicles ===
[[Engineering:Beijing X5|Beijing X5]] (2015-2020), compact 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.<ref>For Hyundai as partner, see [https://www.reuters.com/article/idUSTOE69K09720101021 UPDATE 1-Hyundai Motor signs deal with Chinese carmaker] reuters.com, Thu Oct 21, 2010 7:36pm EDT

* For strong 2009 sales, see [https://money.cnn.com/2010/01/04/autos/hyundai_competition.fortune/index.htm Hyundai smokes the competition] money.cnn.com, January 5, 2010: 9:45 AM ET
* For strong 2010 sales, see [http://www.baihc.com/en/site/news_content.php?id=56&type=1 The entire Beijing Automotive Group overcomes difficulties —— makes great endeavor to the quicker development] {{Webarchive|url=https://web.archive.org/web/20110707205600/http://www.baihc.com/en/site/news_content.php?id=56&type=1|date=2011-07-07}} BAIC Official Site, 2009-07-20</ref> New models designed for the Chinese market are due to appear.<ref>[https://web.archive.org/web/20110712233812/http://worldwide.hyundai.com/web/news/View.aspx?ListNum=0&idx=185&page=1&strSearchColumn=&strSearchWord=Beijing%20Hyundai HYUNDAI REVEALS THREE NEW MODELS AT SHANGHAI AUTO SHOW] Hyundai Official Site</ref><gallery widths="150">
File:HYUNDAI CUSTO China (3).jpg|Beijing Hyundai Custo
</gallery>

==== Beijing Benz ====
{{Main|Company:Beijing Benz}}

As of 2010, Beijing Benz, a BAIC joint venture with German automaker Daimler AG, makes the [[Engineering:Mercedes-Benz C-Class|Mercedes-Benz C-Class]] and [[Engineering:Mercedes-Benz E-Class|E-Class]] models for sale in China and seeks to make more of the models it sells in China locally.<ref name="merc">[https://www.reuters.com/article/idUSTOE69L04320101022 Daimler aims to nearly triple China sales by 2015] reuters.com, Fri Oct 22, 2010 8:12am EDT</ref><gallery widths="150">
File:2022 Beijing-Mercedes-Benz E300L (front).jpg|Beijing-Mercedes-Benz E300L
</gallery>

==Shareholders==
{{As of|2016|12|31}}<ref name="BAICMotor2016AR">{{cite web |date=26 April 2017 |title=2016 Annual Report |url=http://www.hkexnews.hk/listedco/listconews/SEHK/2017/0426/LTN201704261851.pdf |access-date=19 July 2017 |work=BAIC Motor |publisher=Hong Kong Stock Exchange}}</ref>{{rp|15}}{{rp|49}}
{| class="wikitable"
|-
! Rank !! Name !! Chinese name !! Percentage !! Footnotes
|-
| 1 || BAIC Group || 北汽集团 || 44.98% || [[Finance:State-owned enterprise|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 [[Company:Beijing Benz|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<ref>[http://f9data.gw.com.cn/f9/mvc_app/www/index.php?m=Pe-Event&c=Pe-Fund&f=Index&obj=70026136 深圳市本源晶鸿股权投资基金企业(有限合伙)]{{Dead link|date=June 2020 |bot=InternetArchiveBot |fix-attempted=yes }}</ref>
|-
| 5 || Easy Smart Limited || 易穎有限公司 || 3.67% || H share owner, [[Finance:Cayman Islands|Cayman Islands]] incorporated; subsidiary of China Aerospace Investment Holdings ([[Company:China Aerospace Science and Technology Corporation|CASC Group]])<ref>[http://www.hkexnews.hk/listedco/listconews/sehk/2014/1209/01958_2116584/E122.pdf The Cornerstone Placing] hkexnews.hk</ref><ref>{{cite web|url=http://caih.spacechina.com/n9467/n9551/n123445/123781.html|title=易穎有限公司|date=12 April 2012|access-date=19 July 2017|publisher=China Aerospace Investment Holdings|language=Chinese|archive-url=https://web.archive.org/web/20190111055148/http://caih.spacechina.com/n9467/n9551/n123445/123781.html|archive-date=11 January 2019|url-status=dead}}</ref>
|-
| N/A || other H share owners || || 13.91% ||
|-
| N/A || other A share owners || || 9.32% ||
|-
! Total !! !! !! 100% !!
|}

==References==
{{reflist|30em}}

==External links==
* {{Finance links
| symbol = 1958
| google = HKG:+1958
| yahoo = 1958.HK
| bloomberg = 1958:HK
| reuters = 1958.HK
}}


[[Category:Luxury motor vehicle manufacturers]]

{{Sourceattribution|BAIC Motor}}