Search Results for "BAIC"

BAIC’s EV unit attempts to raise money by issuing up to 3 billion yuan corporate bonds
BAIC’s EV unit attempts to raise money by issuing up to 3 billion yuan corporate bonds

BAIC BJEV, BAIC Group’s NEV arm, plans to publicly issue corporate bonds with a principal amounting to not more than 3 billion yuan ($423,268,500), according to its parent company BAIC BluePark New Energy Technology Co.,Ltd.

Jun. 19 , 2020
BAIC Group to acquire 21.26% stake in car rental service provider CAR Inc.
BAIC Group to acquire 21.26% stake in car rental service provider CAR Inc.

UCAR, a Chinese app-based chauffeured car service provider, signed on May 31 a non-legally binding strategic cooperation agreement with BAIC Group, pursuant to which the latter will acquire no more than 450,790,855 shares from UCAR.

Jun. 1 , 2020
BAIC BluePark’s net profit jumps 25.54% year on year in 2019
BAIC BluePark’s net profit jumps 25.54% year on year in 2019

BAIC BluePark New Energy Technology Co.,Ltd. (BAIC BluePark), the parent company of BAIC's NEV unit BJEV, announced its full-year revenue in 2019 leapt 30.39% over a year ago to RMB23.589 billion, and the annual net profit jumped 25.54% year on year.

Apr. 21 , 2020
BAIC BJEV launches 2029 Plan
BAIC BJEV launches 2029 Plan

On January 15, BAIC Group’s NEV unit BJEV released a new roadmap, dubbed “2029 Plan”, drawing the blueprint for the next decade.

Jan. 16 , 2020
BAIC BJEV wins sales title in BEV market for seven years in a row
BAIC BJEV wins sales title in BEV market for seven years in a row

BAIC Group's NEV unit BJEV announced its 2019 annual sales of 150,601 units, crowned the best seller of battery-only electric vehicles in China for seven consecutive years.

Jan. 10 , 2020
BAIC Group hits 2019 revenue target of RMB500 billion
BAIC Group hits 2019 revenue target of RMB500 billion

BAIC Group announced, on the second day of this year, its 2019 revenue reached over 500 billion yuan ($71.7 billion), versus roughly 480 billion yuan ($68.8 billion) in 2018.

Jan. 7 , 2020