BAIC Motor
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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. It became a listed company in December 2014.
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.
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. The current Beijing models badged in English name "BEIJING".
Current models
- Beijing EU8 (2026–present), executive sedan
- Beijing U5 Plus (2014–present), compact sedan
- Beijing X3 (2013–present), subcompact SUV
- Beijing Mofang (2022–present), compact SUV
- Beijing X7 (2020–present), mid-size SUV
- Beijing U5 Plus
- Beijing X3
- Beijing Mofang
- Beijing X7
Discontinued models
- Beijing U7 (2013–2025), mid-size sedan
- Beijing X5 (2015–2025), compact SUV
- Beijing U7
- Beijing X5
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. New models designed for the Chinese market are due to appear.
- 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.
- Beijing-Mercedes-Benz E300L
Shareholders
As of 31December2016[update]
| 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 |
| 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) |
| N/A | other H share owners | 13.91% | ||
| N/A | other A share owners | 9.32% | ||
| Total | 100% |
See also
External links
- Business data for BAIC Motor: