Articles Tagged with "BAIC Group"

BAIC Group inks agreement with China’s veteran IT firm Inspur
BAIC Group inks agreement with China’s veteran IT firm Inspur

BAIC Group entered into a strategic agreement with China's leading cloud computing service provider, Inspur, to realize digitalization among the auto group.

Oct. 20 , 2021
BAIC Group offered RMB80 billion credit line by ICBC
BAIC Group offered RMB80 billion credit line by ICBC

BAIC Group signed a strategic agreement with the Industrial and Commercial Bank of China (ICBC) Beijing Branch, representing another successful case of the finance industry serving the development of high-end manufacturing.

Sep. 18 , 2021
BAIC Group, subsidiaries given 50 billion yuan worth of credit line from China Development Bank
BAIC Group, subsidiaries given 50 billion yuan worth of credit line from China Development Bank

On July 21, BAIC Group and China Development Bank’s Beijing branch entered into a strategic cooperation agreement under which the latter will grant a credit line worth 50 billion yuan ($7.722 billion).

Jul. 21 , 2021
BAIC Group, DiDi expand cooperation to high-level autonomous car R&D
BAIC Group, DiDi expand cooperation to high-level autonomous car R&D

BAIC Group and Didi Chuxing (DiDi)’s autonomous driving subsidiary signed on June 19 a framework agreement to have an in-depth cooperation on fields of automobile, AI and car sharing, according to a post on BAIC’s WeChat account.

Jun. 22 , 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 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
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