Search Results for "BAIC"
BAIC Motor Corporation., LTD. and FUJIAN Motor Industry Group Co. have signed an Equity Transaction Agreement in respect of the proposed acquisition by BAIC of the 35% equity interest in Fujian Benz Automobile Co., Ltd. held by FJMOTOR in FuZhou, China, on June 12th. As agreed in the agreement, upon completion of the Equity Transaction, BAIC and FJMOTOR will hold 35% and 15% equity interest in Fujian Benz, respectively, and Daimler Vans Hong Kong Limited will hold the remaining 50% equity interest in Fujian Benz.
Jun. 13 , 2016Since BAIC Motor released annual report that the self-owned brands had operation loss of RMB 3.34b, discussion on when the brands would break even got great attention.
May 30 , 2016Xu Heyi, President of BAIC Motor, surprised the audiences of Beijing Auto Show by making a big entrance driving one of the company’s alternative energy supercar ARCFOX-7. More importantly, BAIC surprised the stage by gathering the overwhelming majority of its domestic brands including BAIC Motor, Changhe, BAIC BJEV, FOTON and BAIC YinXiang, together with its joint venture brands including BAIC Hyundai, BAIC Mercedes-Benz and Changhe Suzuki, and also the large number of models it brought to the show.
May 11 , 2016