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