Search Results for "BAIC Group"

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
BAIC Group says H1 2019 car sales reach 1.109 million, semi-annual profit grow 4.4% YoY
BAIC Group says H1 2019 car sales reach 1.109 million, semi-annual profit grow 4.4% YoY

BAIC Group announced on July 15 via its WeChat account it vehicle sales for the first half of 2019 reached 1.109 million units, outperforming the overall auto industrial level in China by 4.6 percentage points.

Jul. 18 , 2019
BAIC Group, China Post ally on ecosystem of Mobility-as-a-Service
BAIC Group, China Post ally on ecosystem of Mobility-as-a-Service

BAIC Group signed a strategic cooperation framework agreement with China Post, a Chinese state-owned postal business operator, to make joint efforts to develop an ecosystem of Mobility-as-a-Service (MaaS) in the future.

Jul. 9 , 2019
State-owned BAIC Group, China Telecom to team up on 5G, ICT for ICV industry
State-owned BAIC Group, China Telecom to team up on 5G, ICT for ICV industry

BAIC Group on May 15 forged a strategic partnership with China Telecom, a Chinese state-owned telecommunication company, aiming to jointly build an ICV (intelligent-connected vehicle) ecosystem through both business and capital efforts.

May 17 , 2019