BAIC Motor

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.

Not to be confused with BAIC Group, the parent company.
BAIC Motor
Typepublic
unlisted(A share)
SEHK: 1958(H share)
ISINCNE100001TJ4
Industrycar manufacturing
Founded1958 (1958)
Headquarters
Beijing
,
China
Area served
mainland China
Key people
Xu Heyi(chairman)
Li Feng(executive director)
Brands
Revenue CN¥116.199 billion (2016)
CN¥011.520 billion (2016)
CN¥006.367 billion (2016)
Total assets CN¥168.900 billion (2016)
Total equity CN¥040.160 billion (2016)
ParentBAIC Group
Subsidiaries
Beijing Benz(51%)
Beijing Hyundai(50%)
Rating
unrated(Moody's, May 2016)[1]
Websitebaicmotor.com
Footnotes / references
in consolidated financial statement[2]
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

History

BAIC Motor was incorporated in 2010 as a sub-holding company of BAIC Group.[3] It became a listed company in December 2014.[4]

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.[5]

Subsidiaries

As of 31 December 2016[2]: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 investments

As of 31 December 2016[2]:15

  • Fujian Benz Automotive (35%)
  • Beijing Mercedes-Benz Sales Service (49%)
  • Mercedes-Benz Leasing (35%)
  • Beijing Electric Vehicle (8.5%)
  • Hyundai Top Selection U-Car (40%)
  • Beijing Hyundai Auto Finance (33%)
  • BAIC Group Finance (20%)

Shareholders

As of 31 December 2016[2]:15:49

RankNameChinese namePercentageFootnotes
1BAIC Group北汽集团44.98%State-owned enterprise, Beijing Municipal Government was controlling shareholder
2Shougang "Shares"首钢股份13.54%Shanghai-listed company, Beijing Municipal Government was indirect controlling shareholder
3Daimler AG10.08%Frankfurt-listed company, shareholder of Beijing Benz
Sub-total68.6%
4Shenzhen 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[6]
5Easy Smart Limited易穎有限公司3.67%H share owner, Cayman Islands incorporated; subsidiary of China Aerospace Investment Holdings (CASC Group)[7][8]
N/Aother H share owners13.91%
N/Aother A share owners9.32%
Total100%

References
  1. "Announcement: Moody's: Beijing Automotive Group's A3 ratings unaffected by 2015 results" (Press release). Moody's. 6 May 2016. Retrieved 19 July 2017.
  2. "2016 Annual Report" (PDF). BAIC Motor. Hong Kong Stock Exchange. 26 April 2017. Retrieved 19 July 2017.
  3. "China establishes new automaker for "Beijing" brand automobiles". People's Daily. 30 September 2010. Archived from the original on 18 October 2012.
  4. "Daimler-backed BAIC Motor opens flat in Hong Kong debut". Hong Kong. Reuters. 18 December 2014. Retrieved 19 July 2017.
  5. "BAIC Motor to take stake in Daimler China leasing firm". Berlin. Reuters. 22 March 2015.
  6. 深圳市本源晶鸿股权投资基金企业(有限合伙)
  7. http://www.hkexnews.hk/listedco/listconews/sehk/2014/1209/01958_2116584/E122.pdf
  8. "易穎有限公司" (in Chinese). China Aerospace Investment Holdings. 12 April 2012. Archived from the original on 11 January 2019. Retrieved 19 July 2017.
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