BAIC Motor
BAIC Motor Corporation Limited is a Chinese car manufacturer based in Beijing, China. The H shares of the company were traded in the Hong Kong Stock Exchange. It was part of BAIC Group, itself a subsidiary of Beijing Municipal Government.
History
BAIC Motor was incorporated in 2010 as a sub-holding company of BAIC Group. It became a listed company in December 2014.The firm announced in March 2015 plans to extend its partnership with Daimler AG by taking a 35 percent stake in Mercedes-Benz Leasing, a China incorporated leasing company.
Subsidiaries
- BAIC Investment
- * Beijing Hyundai
- Beijing Beinei Engine Parts and Components
- * Beijing Beinei Motor Spare Parts Sales
- Beijing Benz Automotive
- BAIC Motor Powertrain
- BAIC Hong Kong Investment
- Zhuzhou Motor Sales
- BAIC Motor Sales
- BAIC Motor
- BAIC MB-tech Development Center
Equity investments
- Fujian Benz Automotive
- Beijing Mercedes-Benz Sales Service
- Mercedes-Benz Leasing
- Beijing Electric Vehicle
- Hyundai Top Selection U-Car
- Beijing Hyundai Auto Finance
- BAIC Group Finance
Shareholders
| Rank | Name | Chinese name | Percentage | Footnotes |
| 1 | BAIC Group | 北汽集团 | 44.98% | State-owned enterprise, Beijing Municipal Government was controlling shareholder |
| 2 | Shougang "Shares" | 首钢股份 | 13.54% | Shanghai-listed company, Beijing Municipal Government was indirect controlling shareholder |
| 3 | Daimler AG | 10.08% | Frankfurt-listed company, shareholder of Beijing Benz | |
| Sub-total | 68.6% | |||
| 4 | Shenzhen Benyuan Jinghong Equity Investment Fund | 本源晶鸿基金 | 4.50% | A share owner; partially owned by BAIC Capital as limited partner |
| 5 | Easy Smart Limited | 易穎有限公司 | 3.67% | H share owner, Cayman Islands incorporated; subsidiary of China Aerospace Investment Holdings |
| N/A | other H share owners | 13.91% | ||
| N/A | other A share owners | 9.32% | ||
| Total | 100% |