Brilliance Auto Group

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In 2003, BMW and Brilliance agreed to make select products of this German luxury carmaker in China. [7] As of 2010, the joint venture makes the BMW 3 Series and BMW 5 Series and had plans to introduce the BMW X1 by 2012. [46] As of 2011, locally produced engines were slated to appear in some offerings soon, and the company had plans to bring up total production capacity to 300,000 by 2013. [47]

These vehicles may differ slightly from those sold in other markets under the same names. As of mid-2010 almost 60% of the components used to manufacture the China-built BMWs were imported to China. [46]

Brilliance Shineray

Brilliance Shineray is a joint venture between Brilliance Auto Group and Shineray Motorcycle Company (Shineray Group), one of China's largest[ citation needed ] motorcycle producers. Shineray Group bought the Italian motorcycle brand, SWM (motorcycles), and started an automotive brand with the SWM nameplate. SWM now makes a range of crossovers and compact MPVs.[ citation needed ]

Key models include:

Renault Brilliance Jinbei (Jinbei)

Formerly a wholly-owned subsidiary (Shenyang Brilliance Jinbei Automotive) which sold licensed Toyota and General Motors designs, Jinbei was re-formed with Renault in 2017 with plans to launch light commercial vehicles and SUVs with Renault technology, under the Jinbei and Renault marques.

Key models include:

Operations

BMW-branded autos are made at a production base in the Northeastern Chinese city of Shenyang completed in 2004, and ongoing construction saw this base increase its production capacity to 200,000 units/year by 2012. [48]

An engine-making production base is located in Mianyang, Sichuan province. [9]

Sales

A total of 188,143 Brilliance marque vehicles were sold in China in 2013, making it the 25th largest-selling car brand in the country in that year (and the tenth largest-selling Chinese brand). [49]

European exports

In 2007, Brilliance's BS6 sedan performed poorly in a crash test conducted by Germany's ADAC, receiving only one out of five possible stars in the Euro NCAP rating. [50] Brilliance then redesigned the car, changing at least sixty components, and it saw a three-star performance in a crash test performed by Spain's Idiada. [51] However, the price also rose considerably, [52] and the importer (HSO Motors) went bankrupt in November 2009. [53] Brilliance then tried to go it alone, but with high pricing and considerable market reluctance after the well-publicized crash test failures, exports to Europe were ended in April 2010 with no immediate plans for resumption. [54]

SAIPA

In 2015, Brilliance announced it had started joint production with SAIPA of Iran, to produce the H300 and H200 models, under the local brand name of Saipa. [55]

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<span class="mw-page-title-main">Jinbei (car brand)</span>

Jinbei is a Chinese automobile brand owned by Renault Brilliance Jinbei Automotive Co., Ltd., a joint venture between Brilliance Auto (51%) and Renault (49%) established in December 2017 and based in Shenyang, Liaoning, China. Until 2017, the marque was owned by Shenyang Brilliance Jinbei Automotive, a Brilliance subsidiary also based in Shenyang.

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<span class="mw-page-title-main">BMW Brilliance</span> Automobile manufacturing company headquartered in Shenyang, China

BMW Brilliance is an automobile manufacturing company headquartered in Shenyang, China and a joint venture between BMW and Brilliance Auto. Its principal activity is the production, distribution and sale of BMW passenger cars in mainland China.

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<span class="mw-page-title-main">SWM (automobiles)</span> Chinese automotive brand

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<span class="mw-page-title-main">Jinbei 750</span> Chinese MPV

The Jinbei 750 is a compact MPV produced by Jinbei from 2015. The model was also rebadged as the SWM X2 from 2019.

<span class="mw-page-title-main">Jinbei Haixing X30</span> Chinese automobile

The Jinbei Haixing X30 is a 8-seater minivan produced by Chinese car manufacturer Brilliance Auto under the Jinbei brand.

The Jinbei T20 was originally launched as the Jinbei Haixing T20, the pickup variant of the Jinbei Haixing A7 microvan produced by Chinese car manufacturer Brilliance Auto under the Jinbei brand. A long wheelbase version called the Jinbei Haixing A9 was also available. The Jinbei Haixing T20 was based on the same platform and shares the same cab design.

<span class="mw-page-title-main">SWM G01</span> Chinese compact crossover SUV

The SWM G01 is a compact crossover SUV that is manufactured by the Chinese manufacturer SWM (automobiles) of Brilliance Shineray. The SWM G01 debuted in April 2018 in Italy, and was launched on the 2018 Beijing Auto Show in China.

<span class="mw-page-title-main">Shineray Group</span>

Shineray Group is a Chinese conglomerate. The group is the owner of the Italian motorcycle brand SWM.

<span class="mw-page-title-main">SWM X3</span> Chinese compact crossover SUV

The SWM X3 is a 7-seater compact crossover that is manufactured by the Chinese manufacturer SWM (automobiles) of Brilliance Shineray. The SWM X3 was launched on the 2017 Shanghai Auto Show in China.

<span class="mw-page-title-main">Jinbei Haise X30L</span> Chinese automobile

The Jinbei Haise X30L (海狮X30L) is a 7-seater van produced by Chinese car manufacturer Brilliance Auto under the Jinbei marque.

<span class="mw-page-title-main">SRM Jinhaishi</span> Chinese automobile

The SRM Jinhaishi (金海狮) is a midsize MPV produced by Chinese car manufacturer Shineray Group under the SRM marque.

<span class="mw-page-title-main">SRM Jinhaishi M</span> Chinese automobile

The SRM Jinhaishi M is a mid-size MPV produced by Chinese car manufacturer Shineray Group under the SRM marque. It is positioned under the slightly larger SRM Jinhaishi.

References

  1. ↑ 2019 年年度报告 [2019 Annual Report](PDF) (Report) (in Chinese (China)). Shenhua Holdings. April 30, 2020. Retrieved November 21, 2020– via Shanghai Stock Exchange website.
  2. 1 2 "Directors, Senior Management and Company Secretary" (PDF). 2019 Annual Report (Report). Brilliance China Automotive Holding. April 27, 2020. p. 37. Retrieved November 21, 2020– via hkexnews.hk.
  3. ↑ "Management's Discussion & Analysis" (PDF). 2019 Annual Report (Report). Brilliance China Automotive Holding. April 27, 2020. p. 35. Retrieved November 21, 2020– via hkexnews.hk.
  4. 1 2 "Report of Directors" (PDF). 2019 Annual Report (Report). Brilliance China Automotive Holding. April 27, 2020. p. 22. Retrieved November 21, 2020– via hkexnews.hk.
  5. ↑ 2019年度报告 [2019 Annual Report] (PDF) (in Chinese (China)). Huachen Automotive Group Holdings. 2020. Retrieved November 21, 2020– via Shanghai Clearing House.[ permanent dead link ]
  6. 1 2 Leung, Alison; Li, Fion (October 16, 2009). "Exiled China tycoon in U.S. clean vehicle plan". Reuters.com. Hong Kong. Retrieved November 21, 2020.
  7. 1 2 3 "General Overview". Brilliance China Automotive Holdings. Retrieved November 21, 2020.
  8. ↑ BRILL. CHINA AUT. DL-,01 Equity, ISIN BMG1368B1028, WKN 884968, CBA boerse-frankfurt.de
  9. 1 2 Brilliance Auto plans to build 30 special-vehicle production bases Archived November 11, 2010, at the Wayback Machine gasgoo.com, November 8, 2010
  10. ↑ "2012年12月分车型前十家生产企业销量排名". China Association of Automobile Manufacturers (CAAM). January 14, 2013. Archived from the original on January 15, 2013. Retrieved January 15, 2013. Please note that in order to reach the 944K figure you must total the output of Brilliance (华晨) as well as Jinbei (金杯)
  11. ↑ "China 100 Richest Businesspeople: No. 3 Yang Rong". forbes.com. November 12, 2001. Archived from the original on October 26, 2012. Retrieved August 25, 2017.
  12. ↑ "Equities Quote". Hong Kong Exchanges and Clearing. Retrieved November 21, 2020.
  13. ↑ "Notes to the Consolidated Financial Statements" (PDF). 2019 Annual Report (Report). Brilliance China Automotive Holding. April 27, 2020. p. 99. Retrieved November 21, 2020– via hkexnews.hk.
  14. 1 2 3 4 5 6 7 姚铮 (2016). 金杯华晨殊途同归. 上市公司管理经典案例 (in Chinese (China)). Beijing: Tsinghua University Press. ISBN   978-7-302-12396-5.
  15. 1 2 金杯汽车股份有限公司股票上市报告书 (in Chinese (China)). Shenyang Jinbei Automotive. June 5, 1992. Retrieved November 21, 2020– via jrj.com.cn.
  16. ↑ "Brilliance Auto to delist from NYSE". China Daily. July 10, 2007. Retrieved November 21, 2020.
  17. ↑ "BRILLIANCE CHINA AUTOMOTIVE HOLDINGS LIMITED ANNOUNCES INTENTION TO WITHDRAW LISTING FROM THE NYSE" (PDF) (Press release). Brilliance China Automobile Holdings. July 5, 2007. Retrieved November 22, 2020.
  18. ↑ "Deregistration under the United States Securities Exchange Act" (PDF) (Press release). Brilliance China Automobile Holdings. March 2, 2009. Retrieved November 22, 2020.
  19. ↑ Chan, Christine (October 18, 1999). "Brilliance shunned by SAR investors". South China Morning Post. Hong Kong. Retrieved November 21, 2020.
  20. ↑ 2019 年年度报告 [2019 Annual Report](PDF) (Report) (in Chinese (China)). Shenyang Jinbei Automotive. April 30, 2020. p. 45. Retrieved November 21, 2020– via Shanghai Stock Exchange website.
  21. 1 2 "NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS" (PDF). Interim Report 2011 (Report). Brilliance China Automotive Holdings. August 2011. p. 17. Retrieved November 21, 2020.
  22. ↑ 华晨金杯汽车有限公司背景资料. auto.sina.com.cn (in Chinese (China)). April 14, 2003. Retrieved November 22, 2020.
  23. ↑ 1995年年度报告摘要 [Extract of 1995 Annual Report] (Report) (in Chinese (China)). Shenyang Jinbei Automotive. April 30, 1996. Retrieved November 21, 2020– via jrj.com.cn.
  24. ↑ 2000年年度报告 (PDF) (Report) (in Chinese (China)). Shenyang Jinbei Automotive. 2001. Retrieved November 21, 2020– via Shanghai Stock Exchange website.
  25. 1 2 2001年年度报告 (PDF) (Report) (in Chinese (China)). Shenyang Jinbei Automotive. 2002. Retrieved November 21, 2020– via Shanghai Stock Exchange website.
  26. ↑ 2018 年年度报告 [2018 Annual Report](PDF) (Report) (in Chinese (China)). Shenyang Jinbei Automotive. March 30, 2019. p. 9. Retrieved November 21, 2020– via Shanghai Stock Exchange website.
  27. ↑ "Batchelor 'very unlikely' to continue BTCC effort". November 2004.
  28. ↑ Kilby, Michael (September 21, 2021). "Batchelor's Shot at Brilliance". Grand Prix Rejects. Retrieved October 8, 2022.
  29. ↑ "BMW and China partner in $735 mln mainland expansion". Reuters.com. Beijing. November 12, 2009. Retrieved November 21, 2020.
  30. ↑ "2011年1-11月前十家汽车生产企业销量排名". China Association of Automobile Manufacturers (CAAM). December 16, 2011. Archived from the original on January 5, 2012. Retrieved January 7, 2012.
  31. 1 2 公司简介 [Company Profile] (in Chinese (China)). Brilliance Shineray. Archived from the original on February 22, 2020. Retrieved November 21, 2020.
  32. ↑ 王海宣 (August 8, 2020). 斯威汽车的“神奇生存”：边缘品牌如何求生. eeo.com.cn (in Chinese (China)). Retrieved November 21, 2020.
  33. ↑ The Board of Directors (August 28, 2020). 关于与华晨鑫源重庆汽车有限公司重新签订《注册商标使用许可合同》公告 (PDF) (Press release). Shenyang Jinbei Automotive. Retrieved November 22, 2020– via Shanghai Stock Exchange website.
  34. ↑ 公开发行2020年公司债券（面向合格投资者）（第一期）募集说明书摘要 (PDF) (Press release) (in Chinese (China)). Huachen Automotive Group Holdings. January 10, 2020. Retrieved November 22, 2020– via Shanghai Stock Exchange website.
  35. ↑ 王媛媛 (August 29, 2020). 华晨集团陷入债务危机，顺带“坑”了主承销商天风证券？. 21jingji.com (in Chinese (China)). Retrieved November 22, 2020.
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  38. ↑ "Renault Brilliance JinBei Automotive Co., Ltd. officially established" (Press release). Renault Brilliance Jinbei. October 25, 2018. Archived from the original on November 28, 2020. Retrieved November 21, 2020.
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  40. ↑ "Connected and Major Transaction: Acquisition of 39.1% Equity Interest in Shenyang Brilliance JinBei Automobile Co., Ltd" (PDF) (Press release). Brilliance China Automotive Holding. June 23, 2017. Retrieved November 22, 2020.
  41. ↑ "Major Transaction: Disposal of 49% Equity Interest in Shenyang Brilliance JinBei Automobile Co., Ltd" (PDF) (Press release). Brilliance China Automotive Holding. July 4, 2017. Retrieved November 22, 2020.
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  43. ↑ "15 years BMW Brilliance Automotive: BMW Group strengthens commitment to China" (Press release). BMW. October 11, 2018. Retrieved November 21, 2020.
  44. ↑ "Brilliance Auto's parent goes into bankruptcy procedure". Gasgoo. Retrieved September 15, 2021.
  45. 1 2 贾璇 (November 20, 2020). 华晨集团正式进入破产程序：宝马、雷诺、金杯均不纳入重整 |投资人：投500万或只能收回30万. China Economic Weekly (in Chinese (China)). Retrieved November 22, 2020.
  46. 1 2 Brilliance China sees a "very satisfying" profit in 2010 Archived March 25, 2013, at the Wayback Machine reuters.com, Fri May 28, 2010 1:15 am EDT
  47. ↑ Brilliance Interim Report 2011, p. 32
  48. ↑ For Shenyang production base, see BMW and China partner in $735 mln mainland expansion reuters.com, Thu Nov 12, 2009 2:13 am EST
  49. ↑ "2013 Passenger Vehicle Sales by Brand". China Auto Web. January 15, 2014. Retrieved March 4, 2014.
  50. ↑ "Another Chinese Car Flunks German Crash Test". Reuters. July 22, 2007.
  51. ↑ Kujawska, Joanna (March 18, 2008). "Changes introduced by producer in Brilliance BS6". Autochiny. Archived from the original on September 4, 2011.
  52. ↑ "Brilliance BS6 Not as Lethal as Before". ChinaCarTimes.com. September 13, 2007. Archived from the original on March 23, 2008.
  53. ↑ Hadyś, Michał (November 7, 2009). "Europe is not for Brilliance, the Importer is Bankrupt". Autochiny. Archived from the original on September 4, 2011. Retrieved 2011-02-05.
  54. ↑ "China Automaker Brilliance Halts Europe Exports, Executives Say". AutoWeek.com. Crain Communications. April 29, 2010.
  55. ↑ Persian Khodro (May 19, 2015). "Brilliance to Start Production Iran". Persian Khodro. Retrieved May 20, 2015.
Huachen Automotive Group Holdings Co. Ltd.
Brilliance Auto Group
Company type State-owned enterprise
Industry Automotive
Founded
  • 1992;32 years ago (1992) (Brilliance Auto)
  • 2002 (current incorporation of Huachen Automotive Group)
Founder
Headquarters
Shenyang, Liaoning Province
,
China
Area served
Exported worldwide
Key people
Yan Bingzhe(Chairman and Party Committee Secretary of the Group; [1] CEO of Brilliance Auto [2] )
Wu Xiao-an(Chairman of Brilliance Auto; director of the Group [2] )
Products
Brands
  • Brilliance
  • Huasong
  • Jinbei
  • Zhonghua
RevenueIncrease2.svg CNY181130 million (2019)
Decrease2.svg CNY000279 million (2019)
Total assets Increase2.svg CNY195348 million (2019)
Total equity Steady2.svg CNY004992 million (2019)
Owner
Liaoning Provincial Government(80%)
Liaoning Social Security Fund(20%)
Number of employees
Decrease2.svg 5,610 (Brilliance Auto only) [3]  (2019)
Parent Liaoning Provincial Government's SASAC
Subsidiaries Brilliance Auto (SEHK:  1114; 42.32%) [4]
Chinese name
Simplified Chinese 华晨汽车集团控股有限公司
Traditional Chinese 華晨汽車集團控股有限公司
Hanyu Pinyin Huáchén qìchē jítuán kònggǔ yǒuxiàn gōngsī
Literal meaning"China morning" automotive group holdings limited company
Company Structure
Current Vehicles
Cars
Crossovers/SUVs
Other
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