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BAIC Motor

Not to be confused with BAW or BAIC Group, the parent company.
BAIC Motor
FormerlySenova
Company typePublic
unlisted(A share)
SEHK: 1958(H share)
ISINCNE100001TJ4
IndustryAutomotive
Founded2010; 14 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
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 meaningBeijing Motor Joint-stock Limited Corporation
Transcriptions
Standard Mandarin
Hanyu PinyinBěijīng Qìchē Gǔfèn Yǒuxiàn Gōngsī
BAIC Motor
Simplified Chinese北京汽车
Traditional Chinese北京汽車
Literal meaningBeijing Motor
Transcriptions
Standard Mandarin
Hanyu PinyinBěijīng Qìchē

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: Senova

Car

SUV

  • Beijing U5 Plus
    Beijing U5 Plus
  • Beijing X6
    Beijing X6
  • Beijing X7
    Beijing X7

Joint ventures

Current joint ventures

Beijing Hyundai

Main article: 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: 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

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.
  3. ^ "Daimler-backed BAIC Motor opens flat in Hong Kong debut". Reuters. Hong Kong. 18 December 2014. Retrieved 19 July 2017.
  4. ^ "BAIC Motor to take stake in Daimler China leasing firm". Reuters. Berlin. 22 March 2015.
  5. ^ "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.
  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" (PDF). BAIC Motor. Hong Kong Stock Exchange. 26 April 2017. Retrieved 19 July 2017.
  10. ^ 深圳市本源晶鸿股权投资基金企业(有限合伙)[permanent dead link‍]
  11. ^ The Cornerstone Placing hkexnews.hk
  12. ^ "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.
  • Official website
  • Business data for BAIC Motor:
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