BAIC Motor Co., Ltd., a listed company, a Fortune 500 company, is a platform for the aggregation of passenger vehicle resources and business development of BAIC Group, and a modern enterprise specializing in the design, research and development, manufacturing and sales of passenger car models
Founded in September 2010, BAIC Motor Co., Ltd. is a platform for the aggregation and business development of passenger vehicle resources of BAIC Motor Group Co., Ltd., and an enterprise supported by the Beijing Municipal Government. On December 19, 2014, the Company completed the initial public offering of H shares and was listed on the main board of the Hong Kong Stock Exchange, stock abbreviation: BAIC; Stock Code:1958.HK HK。
The company is a leading passenger car manufacturer in China and the second largest passenger car manufacturer listed on the Hong Kong Stock Exchange. The company is engaged in the design, development, manufacture and sales of a wide and diverse range of passenger car models in China, and also provides related services. The company believes that the company is a passenger car manufacturer in China that can meet the market demand and has the potential for rapid growth. The company has: BAIC Motor's own brand business with advanced technology platform and rapid sales growth; the historic Mercedes-Benz luxury car business; and Beijing Hyundai's mid-to-high-end brand business, which has seen steady sales growth. Our portfolio of passenger car brands is highly diversified and complementary, covering different market segments of joint venture luxury, joint venture mid-to-high-end, own-brand mid-to-high-end and own-brand economy passenger cars. The company provides a variety of passenger car models, covering medium and large, medium, compact and small cars, SUVs, MPVs and minivan passenger car products, which can meet the requirements of consumers for different types of models.
During the "Twelfth Five-Year Plan" (2011-2015) period, BAIC Motor Co., Ltd. took the scientific concept of development as the guide, aimed at improving the core competitiveness of the enterprise, adhered to independent innovation and scale development, and took the strategic direction of building "BAIC with strength, scale BAIC, BAIC in the world, and BAIC in harmony", adhered to the combination of international cooperation and independent development, adjusted and optimized the product structure and industrial structure, and enhanced the comprehensive competitiveness of the whole value chain, so as to build a large-scale automobile enterprise with domestic first-class and international competitiveness. Become a benchmark enterprise for high-end passenger cars of domestic independent brands. Among them, in terms of products, a comprehensive product pattern has been formed, including more than 20 models, from A0 to C-class, covering all mainstream models such as cross-type passenger cars, sedans, SUVs and off-road vehicles (sedans account for about 1/2, 47% (34% for cross-type and 19% for SUVs and off-road)). The sedan products account for more than 5% of the market share of domestic independent brand sedan products, and the engine and transmission are basically self-sufficient, and the joint venture brand building will continue to be strengthened, and Beijing Benz will become a benchmark for international luxury brands and Beijing Hyundai will become a benchmark for popular car brands.
With their own wisdom and sweat, BAIC people are adhering to and carrying forward the BAIC spirit of "working hard, uniting and cooperating, advancing in the face of difficulties, and striving to win", and in accordance with the business policy of "hard work, responsible management, and lean management", they are going all out to practice the grand goal of "second entrepreneurship" in the new era, and constantly move towards the vision of "dedicating to humanities, advocating science and technology, and leading green".
