Articles Tagged with "AI"

BAIC BJEV joins hands with Uber to promote timeshare car rental

On the occasion of this year’s World Environment Day, BAIC BJEV announced on the platform of a Zhongguancun-based business incubator that the company with join hands with car sharing company Uber to promote timeshare car rental service.

Jun. 27 , 2016
BAIC officially receives 35% shares of FBAC

Recently, BAIC held the share transfer ceremony with Fujian Motor to officially receive 35% shares of FBAC, formerly held by Fujian Motor. The two sides will together hold 50% shares of FBAC. Another 50% shares of FBAC are held by Daimler Hong Kong.

Jun. 21 , 2016
BAIC acquires 35% equity interest in Fujian Benz

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 , 2016
Decreasing Income adds Difficulty in switching BAIC Self-owned SUV Brands’ Loss

Since 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 , 2016
Top 30 companies in China’s auto industry announced, SAIC tops the chart with its revenue exceeding 1 trillion yuan

According to the Top 30 companies in China’s auto industry in 2015 announced by China Machinery Industry Federation and China Association of Automobile Manufacturers jointly, SAIC tops the chart with its revenue totaling 1.2 trillion yuan, while FAW and Dongfeng Group rank No.2 and No.3 respectively.

May 27 , 2016