BAIC Motor

BAIC Motor Corporation Limited
Company type	Public
Industry	Automotive
Founded	2010
Headquarters	Beijing, China
Area served	China
Parent	BAIC Group

BAIC Motor Corporation Limited is an automobile manufacturer based in Beijing, China. Its H shares are listed on the Hong Kong Stock Exchange. The company functions under the umbrella of BAIC Group, which is owned by the Beijing Municipal Government.

History

Founded in 2010 as a subsidiary holding entity of BAIC Group, BAIC Motor became publicly traded in December 2014. In March 2015, it deepened its collaboration with Daimler AG by purchasing a 35% equity interest in Mercedes-Benz Leasing, a leasing company operating within China.

Vehicles

The main brand of BAIC Motor is Beijing, which was reintroduced in 2020 following the discontinuation of the Senova brand. All models previously marketed under Senova have been transitioned to the Beijing brand, adopting the English designation "BEIJING."

Car

Beijing U5/U5 Plus (2014–present), compact sedan
Beijing U7 (2013–present), mid-size sedan

SUV

Beijing X3 (2013–present), subcompact SUV
Beijing X5 (2015–present), compact SUV
Beijing Mofang (2022–present), compact SUV
Beijing X7 (2020–present), mid-size SUV

Beijing Hyundai

Established in 2002 as a 50:50 partnership between BAIC and Hyundai Motor Company, Beijing Hyundai Motor Co., Ltd. produces Hyundai vehicles in Shunyi District specifically for the Chinese market. The joint venture has consistently achieved robust sales performance and intends to launch new models designed for local consumers.

Beijing Benz

Operating since 2010, Beijing Benz is a collaboration between BAIC and Daimler AG that manufactures Mercedes-Benz C-Class and E-Class cars domestically for China. This joint venture supports Daimler’s strategy to boost local production and expand sales within the Chinese market.

Shareholders

As of 31 December 2016, BAIC Motor's principal shareholders included:

Rank	Name	Chinese name	Ownership Percentage
1	BAIC Group	北汽集团	44.98% (State-owned enterprise; controlling shareholder under Beijing Municipal Government)
2	Shougang "Shares"	首钢股份	13.54% (Listed on Shanghai Stock Exchange; indirectly controlled by Beijing Municipal Government)
3	Daimler AG		9.55% (Listed in Frankfurt; stakeholder in Beijing Benz)
Sub-total			68.6%
4	Shenzhen Benyuan Jinghong Equity Investment Fund	本源晶鸿基金	4.50% (A-shareholder; partly owned by BAIC Capital, affiliated with BAIC Group)
5	Easy Smart Limited	易穎有限公司	3.67% (H-shareholder; incorporated in Cayman Islands; subsidiary of China Aerospace Investment Holdings under CASC Group)
N/A	other H share owners		13.91%
N/A	other A share owners		9.32%
Total			100%

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