BAIC Motor

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BAIC Motor Corporation Limited
FormerlySenova
Company type
Public
unlisted(A share)
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Headquarters
Beijing
,
China
Area served
Worldwide
Key people
Zhang Xiyong (GM)
Heyi Xu (chairman & Secretary of the Party Committee)
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Number of employees
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ParentBAIC Group
Rating
unrated(Moody's, May 2016)[1]
Websitebaicmotor.com

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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".

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Car

SUV

Joint ventures

Current joint ventures

Beijing Hyundai

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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 Benz

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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]

Shareholders

As of 31 December 2016[9]Template:RpTemplate:Rp

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

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  1. ^ Page Module:Citation/CS1/styles.css has no content."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. ^ Page Module:Citation/CS1/styles.css has no content."China establishes new automaker for "Beijing" brand automobiles". People's Daily. 30 September 2010. Archived from the original on 18 October 2012.
  3. ^ Page Module:Citation/CS1/styles.css has no content."Daimler-backed BAIC Motor opens flat in Hong Kong debut". Reuters. Hong Kong. 18 December 2014. Retrieved 19 July 2017.
  4. ^ Page Module:Citation/CS1/styles.css has no content."BAIC Motor to take stake in Daimler China leasing firm". Reuters. Berlin. 22 March 2015.
  5. ^ Page Module:Citation/CS1/styles.css has no content."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. ^ Page Module:Citation/CS1/styles.css has no content."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. ^ Page Module:Citation/CS1/styles.css has no content."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.{{cite web}}: CS1 maint: unrecognized language (link)

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