Search Results for "BAIC"

BAIC Motor plans to be listed in A-share market
BAIC Motor plans to be listed in A-share market

Currently, BAIC Motor released an announcement in HKEX that the board decided to submit resolution on initial public offering and listing of A-shares to interim general meeting of shareholders and seek for approval.

Oct. 23 , 2017
BAIC president: China’s annual NEV sales and output will reach 3 million by 2020
BAIC president: China’s annual NEV sales and output will reach 3 million by 2020

Xu Heyi, chairman of the state-owned carmaker BAIC Group, said that China branded new energy vehicles (NEV) will be in the upper echelon of the global auto market by 2035.

Oct. 20 , 2017
BAIC Group signs agreement with Baidu to mass produce autonomous vehicles
BAIC Group signs agreement with Baidu to mass produce autonomous vehicles

BAIC Group recently signed a strategic cooperation framework agreement with Baidu to roll out mass-produced autonomous vehicles.

Oct. 16 , 2017
Profit of BAIC Group Slumps 59% in the first half of year
Profit of BAIC Group Slumps 59% in the first half of year

BAIC released its 2017 semi-annual performance report showing that the net profit decreases nearly 60% year-on-year in the first half of year, influenced by the RMB 3.3b deficit of Beijing brands and halving sales volume for Beijing Hyundai.

Sep. 1 , 2017
Rumor that BAIC Establishes a Joint-Venture Company with FCA Faces Denial from Cai Jianjun
Rumor that BAIC Establishes a Joint-Venture Company with FCA Faces Denial from Cai Jianjun

Media reported that FCA would establish a joint-venture company with BAIC, and that BAIC’s Vice President Cai Jianjun would take charge of the new company. It’s also said that the new company would produce Dodge or Chrysler.

Aug. 16 , 2017
BAIC’s electric vehicle unit managed to raise $ 1.67 billion in Series B round
BAIC’s electric vehicle unit managed to raise $ 1.67 billion in Series B round

Chinese state-owned carmaker Beijing Automotive Group's (BAIC Group) electric vehicle unit said yesterday it managed to raise RMB 11.12 billion ($ 1.67 billion) in its series B round, which exceeded the earlier estimate of RMB 8 billion.

Aug. 15 , 2017