BAIC Motor

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Not to be confused with BAIC Group, the parent company.
BAIC Motor
Typepublic
unlisted(A share)
SEHK: 1958(H share)
ISINCNE100001TJ4
Industrycar manufacturing
Founded1958; 63 years ago (1958)
Headquarters
Beijing
,
China
Area served
mainland China
Key people
Xu Heyi(chairman)
Li Feng(executive director)
Brands
RevenueIncrease CN¥116.199 billion (2016)
Increase CN¥011.520 billion (2016)
Increase CN¥006.367 billion (2016)
Total assetsIncrease CN¥168.900 billion (2016)
Total equityIncrease CN¥040.160 billion (2016)
ParentBAIC Group
Subsidiaries
Beijing Benz(51%)
Beijing Hyundai(50%)
Rating
unrated(Moody's, May 2016)[1]
Websitebaicmotor.com
Footnotes / references
in consolidated financial statement[2]
BAIC Motor Corporation Limited
Traditional Chinese北京汽車股份有限公司
Simplified Chinese北京汽车股份有限公司
BAIC Motor
Traditional Chinese北京汽車
Simplified Chinese北京汽车

BAIC Motor Corporation Limited is a Chinese car manufacturer based in Beijing, China. 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.[3] It became a listed company in December 2014.[4]

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.[5]

Subsidiaries[]

As of 31 December 2016[2]:15

  • BAIC Investment (97.95%)
  • Beijing Beinei Engine Parts and Components (98.975% direct and indirectly)
    • Beijing Beinei Motor Spare Parts Sales (100%)
  • Beijing Benz Automotive (51%)
  • BAIC Motor Powertrain (100%)
  • BAIC Hong Kong Investment (100%)
  • Zhuzhou (BAIC) Motor Sales (100%)
  • BAIC Motor Sales (100%)
  • BAIC (Guangzhou) Motor (100%)
  • BAIC MB-tech Development Center (51%)

Equity investments[]

As of 31 December 2016[2]:15

  • Fujian Benz Automotive (35%)
  • Beijing Mercedes-Benz Sales Service (49%)
  • Mercedes-Benz Leasing (35%)
  • Beijing Electric Vehicle (8.5%)
  • Hyundai Top Selection U-Car (40%)
  • Beijing Hyundai Auto Finance (33%)
  • BAIC Group Finance (20%)

Shareholders[]

As of 31 December 2016[2]: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 10.08% 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[6]
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)[7][8]
N/A other H share owners 13.91%
N/A other A share owners 9.32%
Total 100%

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. ^ Jump up to: a b c d "2016 Annual Report" (PDF). BAIC Motor. Hong Kong Stock Exchange. 26 April 2017. Retrieved 19 July 2017.
  3. ^ "China establishes new automaker for "Beijing" brand automobiles". People's Daily. 30 September 2010. Archived from the original on 18 October 2012.
  4. ^ "Daimler-backed BAIC Motor opens flat in Hong Kong debut". Reuters. Hong Kong. 18 December 2014. Retrieved 19 July 2017.
  5. ^ "BAIC Motor to take stake in Daimler China leasing firm". Reuters. Berlin. 22 March 2015.
  6. ^ 深圳市本源晶鸿股权投资基金企业(有限合伙)[permanent dead link]
  7. ^ http://www.hkexnews.hk/listedco/listconews/sehk/2014/1209/01958_2116584/E122.pdf
  8. ^ "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[]

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