Formerly | Senova | ||||
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Company type | Public | ||||
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ISIN | CNE100001TJ4 | ||||
Industry | Automotive | ||||
Founded | 2010 | ||||
Headquarters | , China | ||||
Area served | Worldwide | ||||
Parent | BAIC Group | ||||
Rating |
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Website | baicmotor.com |
BAIC Motor Corporation Limited | |||||||
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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 | ||||||
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BAIC Motor | |||||||
Simplified Chinese | 北京汽车 | ||||||
Traditional Chinese | 北京汽車 | ||||||
Literal meaning | Beijing 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.
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]
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".
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]
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]
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% |
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