Beijing Automotive Industry Holding Corporation
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| State-owned enterprise | |
| Traded as | : 1958 |
| Industry | Automotive |
| Founded | 1988 |
| Headquarters | Beijing, China |
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Area served
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Worldwide |
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Key people
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Xu Heyi, Chairman |
| Products | Commercial and passenger vehicles |
| Subsidiaries |
BAIC Motor Beijing Automobile Works Beiqi Foton Motor Beijing Hyundai (50%) Beijing Benz (50%) Beijing Foton Daimler Automobile (50%) Jiangxi Changhe (70%) |
| Website | BAIC Group |
| BAIC Group | |||||||
| Simplified Chinese | 北京汽车工业控股有限责任公司 | ||||||
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| Traditional Chinese | 北京汽車工業控股有限責任公司 | ||||||
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| Transcriptions | |
|---|---|
| Standard Mandarin | |
| Hanyu Pinyin | Běijīng qìchēgōngyè jìnchūkǒu gōngsī |
BAIC Group (officially Beijing Automotive Industry Holding Co., Ltd.) is a Chinese state-owned enterprise and holding company of several automobile and machine manufacturers located in Beijing, China. Its principal subsidiaries include the passenger car maker BAIC Motor; a military vehicle and SUV maker, BAW; and a truck, bus, and agricultural equipment maker, Foton Motor. BAIC's parent is the Beijing State-owned Assets Management Co (Chinese: 北京市国有资产经营有限公司). While often ranked as the fifth or fourth-largest Chinese automaker by volume and boasting several successful passenger-car joint ventures with foreign firms, a significant proportion of its output may still remain low-margin agricultural, commercial, and military vehicles based on aging technology.
In 2014, manufacture of 2.25 million whole vehicles made BAIC the fourth largest among domestic rivals although it placed second in terms of commercial vehicle output.
Through joint ventures, BAIC makes Hyundai and Mercedes-branded autos for sale on the Chinese market.
Founded in 1958, BAIC companies build with Daimler AG and Hyundai.
BAIC was one of the top ten most-productive Chinese automakers in 2010. This may be due to subsidiary Beijing Automobile Works and a sustained surge of popularity for Beijing Hyundai products. It reached fifth place by selling nearly 1.5 millions units garnering a market share of more than 8%. 2011 production of 1.5 million whole vehicles made BAIC the fifth largest vehicle-maker in China that year in terms of units manufactured. BAIC remained fifth in 2012, which saw the company make 1.7 million whole vehicles; 30% of production was commercial or heavy-duty products.
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Wikipedia