BAIC Motor

BAIC Motor Corporation Limited
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
Hanyu Pinyin
Transcriptions
Standard Mandarin
Hanyu Pinyin	Běijīng Qìchē Gǔfèn Yǒuxiàn Gōngsī
BAIC Motor
Simplified Chinese	北京汽车
Traditional Chinese	北京汽車
Literal meaning	Beijing Motor
Hanyu Pinyin
Transcriptions
Standard Mandarin
Hanyu Pinyin	Běijīng Qìchē

BAIC Motor
Formerly	Senova
Company type	Public
Traded as
unlisted	(A share)
SEHK: 1958	(H share)
ISIN	CNE100001TJ4
Industry	Automotive
Founded	2010; 14 years ago
Headquarters	Beijing, China
Area served	Worldwide
Key people	Zhang Xiyong (GM); Heyi Xu (Chairman & Secretary of the Party Committee)
Revenue	US$26,850,148 (2023)
Net income	300,518 (2023)
Total assets	23,438,925 (2023)
Number of employees	31,236 (2024)
Parent	BAIC Group
Rating
unrated	(Moody's, May 2016)
Website	baicmotor.com

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 X5 (2015–present), compact SUV
Beijing X6 (2022–present), compact SUV
Beijing X7 (2020–present), mid-size SUV

Beijing U5 Plus
Beijing X6
Beijing X7

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

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

Shareholders

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%

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.
^ "Daimler-backed BAIC Motor opens flat in Hong Kong debut". Reuters. Hong Kong. 18 December 2014. Retrieved 19 July 2017.
^ "BAIC Motor to take stake in Daimler China leasing firm". Reuters. Berlin. 22 March 2015.
^ "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.
^
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 Archived 2011-07-07 at the Wayback Machine 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" (PDF). BAIC Motor. Hong Kong Stock Exchange. 26 April 2017. Retrieved 19 July 2017.
^ 深圳市本源晶鸿股权投资基金企业(有限合伙)^{[permanent dead link]}
^ The Cornerstone Placing hkexnews.hk
^ "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.

External links

Official website
Business data for BAIC Motor:

[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
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 Archived 2011-07-07 at the Wayback Machine BAIC Official Site, 2009-07-20

[7] For strong 2009 sales, see Hyundai smokes the competition money.cnn.com, January 5, 2010: 9:45 AM ET

[8] For strong 2010 sales, see The entire Beijing Automotive Group overcomes difficulties —— makes great endeavor to the quicker development Archived 2011-07-07 at the Wayback Machine BAIC Official Site, 2009-07-20

[7] HYUNDAI REVEALS THREE NEW MODELS AT SHANGHAI AUTO SHOW Hyundai Official Site

[merc-8] Daimler aims to nearly triple China sales by 2015 reuters.com, Fri Oct 22, 2010 8:12am EDT

[BAICMotor2016AR-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.

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