Articles Tagged with "BAIC Group"

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’s registered capital grows 16.49%
BAIC Group’s registered capital grows 16.49%

BAIC Group’s registered capital was up by 16.49% to 19.957 billion yuan ($3.05 billion), effective Dec. 23, 2020, according to the corporate data platform Tianyancha.

Dec. 24 , 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
BAIC Group to transfer 49% stake in Zhenjiang subsidiary to boost cooperation with Magna
BAIC Group to transfer 49% stake in Zhenjiang subsidiary to boost cooperation with Magna

Chinese state-owned automakers BAIC Group is ready to transfer 49% stake in its Zhenjiang-based subsidiary at a base price of around 300 million, according to information in a bulletin from China Beijing Equity Exchange.

Nov. 26 , 2019
<1...5...8>