- Beijing Hyundai secures $942.2 million capital increase from two parent firms
BAIC Investment and Hyundai Motor have entered into an agreement to jointly inject capital of around $942.2 million in their joint venture Beijing Hyundai, according to an announcement issued on March...
Mar. 21 , 2022
- Trunk.Tech completes Series B financing round led by BAIC Group
China’s commercial vehicle autonomous driving developer, Trunk.Tech has completed its Series B financing round led by BAIC Capital, the venture capital of BAIC Group.
Feb. 16 , 2022
- BAIC BluePark forecasts annual net loss of up to 5.3 billion yuan in 2021
BAIC BluePark New Energy Technology Co.,Ltd. (called “BAIC BluePark” for short), the parent of Chinese NEV maker BAIC BJEV, claimed on Jan. 29 it is likely to record a net loss of 4.8 billion yuan...
Jan. 29 , 2022
- BAIC BJEV Dec. sales increase threefold YoY
BAIC Bluepark, the holding company of BAIC BJEV, saw its December sales volume quadrupling from a year ago, according to its sales performance report.
Jan. 10 , 2022
- BAIC ARCFOX, Baidu jointly-developed Robotaxi starts mass-production
BAIC Bluepark, the holding company of the premium EV brand, ARCFOX, stated that the company’s co-developed Robotaxi with Baidu’s Apollo has completed technical development and started mass-product...
Dec. 14 , 2021
- BAIC confirms not to further stake in Daimler
Daimler AG and China’s major automaker BAIC Group reemphasized their long-term partnership today, along with their cross-shareholding details.
Dec. 13 , 2021
- Court seizes Beijing Borgward’s RMB2.2 billion assets for creditors
The commercial vehicle subsidiary of BAIC Group, Foton, announced that its subsidiary Beijing Borgward received a court-ordered seizure for its RMB2.2 billion worth of assets, petitioned by creditors.
Dec. 10 , 2021
- BAIC BJEV Nov. sales remain flat MoM
BAIC Bluepark, the holding company of BAIC BJEV, saw a year-on-year increase in its November sales while production remained low.
Dec. 08 , 2021
