Search Results for "Baoneng"

Baoneng said to acquire stake in Chery with RMB 25 to 27 billion
Baoneng said to acquire stake in Chery with RMB 25 to 27 billion

Baoneng Group reportedly plans to acquire stake of Chery Auto with a total of RMB 25-27 billion, and aims to be the biggest shareholder of the automaker.

May 16 , 2018
Baoneng NEV production base in Shaanxi starts construction
Baoneng NEV production base in Shaanxi starts construction

According to local media, Baoneng new energy vehicle production base in Shaanxi Province officially started construction on March 23. Meanwhile, the unveiling ceremony of the Baoneng Auto Innovation Research Institute was held on the same day.

Mar. 26 , 2018
Former BAIC MOTOR senior executive joins Baoneng Auto as vice president
Former BAIC MOTOR senior executive joins Baoneng Auto as vice president

According to local media, Cai Jianjun, BAIC MOTOR’s former vice president and BAIC MOTOR sales company’s former party secretary and general manager, officially joined Baoneng Auto as vice president and Qoros Auto’s executive vice president.

Mar. 20 , 2018
Baoneng becomes controlling shareholder of Qoros
Baoneng becomes controlling shareholder of Qoros

Today, Qoros, a joint venture between Chery and Quantum 2007 (LLC), officially announced that the company will have a new strategic investor, Baoneng Group, a Chinese property and financial services conglomerate controlled by billionaire Yao Zhenhua.

Dec. 21 , 2017
Qoros executive denies Baoneng as new shareholder
Qoros executive denies Baoneng as new shareholder

“Up to now, there is no such news.” Ning Shuyong, Qoros’ vice president of marketing and communications, said to a local media as a response to the rumor that Baoneng is the new buyer of Qoros’s shares.

Nov. 23 , 2017
Baoneng likely to become shareholder of Qoros Auto
Baoneng likely to become shareholder of Qoros Auto

Qoros Auto’s share transfer shows new progress recently. Changjiang Equity Exchange released an announcement on its official website on November 17th, stating that Qoros Auto would transfer its 25% shares with a target price of RMB 1.625 billion.

Nov. 22 , 2017