Company:BAIC Motor
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| Formerly | Senova | ||||
|---|---|---|---|---|---|
| Type | Public | ||||
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| ISIN | [https://handwiki.org/wiki/index.php?title=Toollabs:isin/&language=en&isin=CNE100001TJ4 CNE100001TJ4] | ||||
| Industry | Automotive industry | ||||
| Founded | 2010 | ||||
| Headquarters | , China | ||||
Area served | Worldwide | ||||
| Parent | BAIC Group | ||||
| Rating |
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| Website | baicmotor.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".
Car
- Beijing U5/U5 Plus (2014-present), compact sedan
- Beijing U7 (2013-present), mid-size sedan
SUV
- Beijing X3 (2013-present), subcompact SUV
- Beijing X6 (2022-present), compact SUV
- Beijing X7 (2020-present), mid-size SUV
Beijing U5 Plus
Beijing X6
Beijing X7
Discontinued vehicles
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.[6] New models designed for the Chinese market are due to appear.[7]
Beijing Hyundai Custo
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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
.jpg)
(As of 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% |
References
- ↑ "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. https://web.archive.org/web/20121018173031/http://english.people.com.cn/90001/90778/90860/7154896.html.
- ↑ "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.
- ↑ "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.
- ↑ "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.
- ↑ 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 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. http://www.hkexnews.hk/listedco/listconews/SEHK/2017/0426/LTN201704261851.pdf.
- ↑ 深圳市本源晶鸿股权投资基金企业(有限合伙)[yes|permanent dead link|dead link}}]
- ↑ The Cornerstone Placing hkexnews.hk
- ↑ "易穎有限公司" (in Chinese). China Aerospace Investment Holdings. 12 April 2012. http://caih.spacechina.com/n9467/n9551/n123445/123781.html.
External links
- Business data for BAIC Motor:
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