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BAIC Motor
Type public
Area served mainland China
Key people Template:Aligned table
Industry car manufacturing
Revenue (turnover) increase Template:CNY
Operating income increase Template:CNY
Profit increase Template:CNY
Total assets increase Template:CNY
Total equity increase Template:CNY
Parent BAIC Group
Subsidiaries Template:Aligned table
in consolidated financial statement[1]
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.

HistoryEdit

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 in March 2015 plans to extend its partnership with Daimler AG by taking a 35% stake in Mercedes-Benz Leasing, a China incorporated leasing company.[4]

SubsidiariesEdit

As of 31 December 2016 (2016 -12-31)[1]: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 investmentsEdit

As of 31 December 2016 (2016 -12-31)[1]:15

  • Fujian Benz Automotive (35%)
  • Beijing Mercedes-Benz Sales Service (49%)
  • Mercedes-Benz Leasing (35%)
  • Beijing Electric Vehicle (6%)
  • Hyundai Top Selection U-Car (40%)
  • Beijing Hyundai Auto Finance (33%)
  • BAIC Group Finance (20%)

ShareholdersEdit

As of 31 December 2016 (2016 -12-31)[1]: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 Beijing Shougang Co., Ltd. (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[5]
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)[6][7]
N/A other H share owners 13.91%
N/A other A share owners 9.32%
Total 100%

ReferencesEdit

External linksEdit

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