| BAIC Motor | |
| Logo Alt: | BAIC Motor logo and bilingual name |
| Type: | Public |
| Industry: | Automotive |
| Former Name: | Senova |
| Hq Location City: | Beijing |
| Hq Location Country: | China |
| Area Served: | Worldwide |
| Num Employees: | 31,236 |
| Num Employees Year: | 2024 |
| Key People: | Zhang Xiyong (GM) Heyi Xu (Chairman & Secretary of the Party Committee) |
| Revenue: | US$26,850,148 (2023) |
| Net Income: | 300,518 |
| Net Income Year: | 2023 |
| Assets: | 23,438,925 |
| Assets Year: | 2023 |
| Parent: | BAIC Group |
| Website: | baicmotor.com |
| BAIC Motor Corporation Limited | |
| S: | 北京汽车股份有限公司 |
| T: | 北京汽車股份有限公司 |
| P: | Běijīng Qìchē Gǔfèn Yǒuxiàn Gōngsī |
| L: | Beijing Motor Joint-stock Limited Corporation |
| Order: | st |
| Also Known As: | BAIC Motor |
| S2: | 北京汽车 |
| T2: | 北京汽車 |
| P2: | Běijīng Qìchē |
| L2: | Beijing Motor |
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.[1] It became a listed company in December 2014.[2]
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.[3]
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.[4] The current Beijing models badged in English name "BEIJING".
See also: Senova.
See main article: Beijing Hyundai.
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.[5] New models designed for the Chinese market are due to appear.[6]
See main article: Beijing Benz.
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.[7]
| Rank | Name | Chinese name | Percentage | Footnotes | |
|---|---|---|---|---|---|
| 1 | 北汽集团 | 44.98% | State-owned enterprise, Beijing Municipal Government was controlling shareholder | ||
| 2 | 首钢股份 | 13.54% | Shanghai-listed company, Beijing Municipal Government was indirect controlling shareholder | ||
| 3 | 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[9] | |
| 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)[10] [11] | |
| N/A | other H share owners | 13.91% | |||
| N/A | other A share owners | 9.32% | |||
| Total | 100% |