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  Another brand new launch! BAIC Ruixiang landed at Chongqing Auto Show

  On June 12, at the 23rd Chongqing International Automobile Expo, the new car brand BAIC Ruixiang was officially launched. Who is BAIC Ruixiang? According to official introduction, BAIC Ruixiang is a vehicle manufacturer jointly built by two-level state-owned enterprises in Chongqing and Hechuan City and BAIC Group. Hechuan District takes the strategic restructuring of BAIC Yinxiang and BAIC Ruixiang new cars as an opportunity to promote the development of the automobile industry in the region. According to Tianyan check information, BAIC Group holds 25.99% of BAIC Ruixiang as the largest shareholder, Guokai Development Fund Co., Ltd. holds 12.65%, and Chongqing Yinxiang system holds 61.35% as the actual controlling shareholder. In exchange.

  BAIC Yinxiang 2021-06-12
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  Can you turn over? BAIC Ruixiang X5 is officially listed.

  On August 25, BAIC Ruixiang's first model, BAIC Ruixiang X5, was officially launched, with a total of 10 models with a price range of 7.38-123800 yuan. From the point of view of the appearance, BAIC Ruixiang X5 adopts a brand-new exterior design, the front face uses a large forward air grille, the middle grid uses a straight waterfall grille, and the sharp-shaped headlamp adopts fumigation treatment inside. And the integrated layout with the front grille. The new brand LOGO of BAIC Ruixiang is in the middle of the intake grille, with silver metal texture star shape and hollow-out design in the middle. In terms of size, the length, width and height of BAIC Ruixiang X5 are respectively.

  BAIC Yinxiang 2021-08-25
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  Beijing Auto acquires 24.78% stake in BAIC International and BAIC Ruili

  On the evening of March 15, Beijing Automobile announced that it had signed an equity transfer agreement with BAIC on March 13. Under the agreement, Beijing Auto bought 100 per cent of BAIC's stake in BAIC and 24.78 per cent of BAIC Ruili, totaling 80.5936 million yuan. After the completion of the transaction, BAIC International will become a wholly-owned subsidiary of Beijing Automobile, and BAIC Ruilijiang will become a non-wholly-owned subsidiary of Beijing Automobile. According to public information, Beijing Automotive International Development Co., Ltd. was established with a capital contribution of RMB 200 million on April 16, 2013.

  Beijing Automobile 2020-03-16
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  BAIC New Energy: EU7 and BEIJING brands will be listed at the same time

  According to the official website of BAIC New Energy, the new brand BEIJING of BAIC will be officially launched on October 15. The official release of the BEIJING brand means the formal integration of BAIC New Energy and BAIC Saab brand. At present, the LOGO used by Beijing Automobile has evolved from the word "north", and has been jokingly called "pig nose" by netizens, which is somewhat inconsistent with the positioning of automotive products. BAIC has also considered whether to replace the LOGO many times. Earlier this year, it was reported that BAIC would abolish the existing car logo LOGO and launch a new logo design from the BAIC new energy E released earlier by the Ministry of Industry and Information Technology.

  BAIC New Energy BEIJING Brand BAIC EU7 2019-09-21
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  BAIC Yinxiang used "inventory vehicles to repay debts", and BAIC was again blocked by dealers to protect its rights.

  BAIC Magic Speed, which had previously been protected by a number of dealers for defaulting 200 million yuan in car purchase payments, has now ushered in a new round of dealers "blocking the door." Less than three months after the last rights incident, today (July 9) more than 30 BAIC Magic Speed dealers from all over the country gathered in front of BAIC Group's R & D headquarters. because the arrears that BAIC Group promised to call dealers after the last rights protection still did not arrive on schedule, dealers had no choice but to organize northward to safeguard their rights. One of the dealers of BAIC Magic Speed said that in the framework agreement signed in April when safeguarding rights, BAIC promised to return 200 million yuan in arrears in four times.

  Dealers inventory BAIC 2019-07-09
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  Sales skyrocketed but could not escape losses, BAIC Langu "big" blood transfusion

  A few days ago, BAIC Blue Valley issued an announcement saying that BAIC Blue Valley New Energy Technology Co., Ltd. (hereinafter referred to as "BAIC Blue Valley") and its subsidiary Beijing Blue Valley Jihu Automotive Technology Co., Ltd. (hereinafter referred to as "BAIC Jihu") respectively increase capital to Beijing New Energy Automobile Co., Ltd. (hereinafter referred to as "BAIC New Energy") according to their shareholding ratio.

  New energy sales companies funds brands cars fees Huawei growth losses markets limited equity announcements aspects 2023-01-03
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  BAIC Yinxiang reorganized, Chongqing Municipal Government signed a restructuring agreement with BAIC Group.

  BAIC Yinxiang Automobile Co., Ltd. announced that on August 30, the Chongqing Municipal Government and BAIC signed an agreement to promote the strategic restructuring of BAIC Yinxiang. BAIC Yinxiang did not disclose the details of the restructuring project. A person familiar with the matter told the media, "the Chongqing Municipal Government and BAIC will immediately repay the arrears of the remaining dealers, with a total amount of about 300 million yuan." From a notice of suspension of production in July last year, BAIC Yinxiang still failed to get out of the predicament and stopped production for more than a year. During this period, BAIC Yinxiang also encountered incidents such as salary demands by employees, door-to-door visits by dealers and suppliers. In mid-August, there was a suspected BAIC Yinxiang stop on the Internet.

  2019-08-31
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  BAIC Yinxiang has entered the bankruptcy reorganization process, and the recovery of the dealer's arrears is a long way off.

  Recently, the Chongqing bankruptcy court held a hearing on the selection of managers in the bankruptcy reorganization of BAIC Yinxiang and Chongqing BAIC Magic Speed Automobile sales Company. In the end, Chongqing Lida Law firm and Daxin Accounting firm (Special General Partnership) Chongqing Branch were jointly elected as the managers of the above two cases. Prior to the hearing organized by the Chongqing bankruptcy Court, it was concluded that all the assets of BAIC Yinxiang and BAIC Magic Speed were no longer enough to pay off all debts, and BAIC Yinxiang had a sound automobile manufacturing system and sufficient technical reserves. BAIC Magic Speed has a good market foundation, mature automobile distribution management system, perfect sales team and after-sales service team. Two.

  BAIC Yinxiang 2020-10-03
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  BAIC and Daimler responded to the termination of the joint venture five years after the establishment of BAIC.

  Official: the change in BAIC Deben's shareholding structure will not affect the long-term partnership between BAIC and Daimler, nor will it affect the technical cooperation between BAIC and Beijing Automotive and Daimler.

  BAIC Deben Beijing Mercedes-Benz BAIC 2020-10-17
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  BAIC Magic Speed owed 340 million money to be repaid at a 40% discount, and more than a hundred dealers went to Chongqing to protect their rights.

  According to media reports, more than 100 BAIC Magic Speed dealers will go to Chongqing BAIC Yinxiang Automobile Co., Ltd. on June 28 to defend their rights and ask BAIC Yinxiang to change its current debt plan of "dealer car discount of 40% for 8 years to repay principal". It is understood that dealers across the country have owed a total of 340 million yuan, and if the matter is not resolved, they will try to take legal measures. According to the data, BAIC Yinxiang was founded in August 2010, and BAIC Magic Speed is a brand launched by BAIC Yinxiang Automobile Co., Ltd. in March 2014. According to Tianyan investigation, the current BAIC Yinxiang shareholding structure, BAIC Automobile Group accounts for 26%, Chongqing Yinxiang trade.

  BAIC magic speed 2020-06-29
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  The reason for the collapse of BAIC's new energy sales has been found.

  BAIC New Energy, which once won the first place in the field of pure electric vehicles, has suffered a slump in sales and a loss in performance. What has happened to this car company? The answer can be found out by Liu Yu, general manager of BAIC Blue Valley, in an interview with the media. The new energy vehicle market, which has been declining for 12 months, finally ushered in an increase in sales in July this year, and the new energy business of a number of car companies temporarily ended the state of "falling". However, as once the largest domestic new energy vehicle sales company, BAIC New Energy continues to plummet. BAIC New Energy sold only 2009 vehicles in July, according to the BAIC Blue Valley report on August 12.

  BAIC new energy 2020-08-31
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  The net exposed that BAIC Yinxiang blocked the door to collect debts for the fourth time this year, and the restructuring is still in a fog.

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  The net exposed that BAIC Yinxiang which "reneged on its promise" was blocked to collect debts for the fourth time this year. 2019-11-03
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  Five years after the joint venture, Mercedes-Benz Technology withdrew from the "BAIC Deben" joint venture.

  In order to further enhance the transformation ability of Mercedes-Benz technology, BAIC and MBtech (Mercedes-Benz Technology) formally established a joint venture "BAIC de Benz" in 2015, followed by the launch of BAIC's own brand model BJ90 based on Mercedes-Benz platform and technology. But after five years of joint venture, BAIC and MBtech parted ways, and MBtech has officially withdrawn its shares. According to the latest news on the enterprise search website, Beijing BAIC Deben Automotive Technology Center Co., Ltd. (referred to as "BAIC Deben") has completed the equity change. MBtech (Mercedes-Benz Technology), as a foreign investor, has withdrawn completely, and all foreigners in the senior management team have withdrawn.

  Mercedes Benz BAIC 2020-10-11
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  It is exposed that BAIC will increase its stake in Daimler and may become the largest shareholder.

  On November 26, according to media reports, BAIC intends to continue to increase its stake in Daimler, and if the increase is confirmed, BAIC may become the largest shareholder of Daimler. On July 23, BAIC announced that in order to strengthen the long-term strategic cooperation between the two sides, it would invest in Daimler AG, which currently owns 5% of Daimler AG, including 2.48% direct shareholding and the right to obtain additional voting rights equivalent to 2.52% of the shares. The move led to a complex triangular relationship between Daimler, BAIC and Geely. After this transaction, BAIC became the third largest shareholder in Daimler.

  BAIC Mercedes-Benz 2019-11-26
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  Another car company has been acquired!

  According to the official Weiwei of Weiqiao Venture Group, the flag-raising ceremony was held at the headquarters base of Beijing Automobile Factory in Qingdao for the first time after Weiqiao Venture Group controlled the Beijing Automobile Factory. Zhang Bo, chairman of Weiqiao Venture Group, said that after the realization of equity investment cooperation, the two sides will give full play to their existing manufacturing capacity and actively develop and introduce innovative vehicles.

  Manufacturing Automotive Group Beijing Manufacturing Plant Weiqiao Enterprise Entrepreneurship holding Electric Electric vehicle low Speed Model shares China 2023-04-14
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  With a further loss of 900 million yuan, BAIC Blue Valley achieved its sales target of 9%.

  On the evening of April 27th, BAIC Langu released its first-quarter results, showing that BAIC Langu achieved operating income of 1.731 billion yuan in the first quarter of 2022, an increase of 108.42% over the same period last year. The net loss of shareholders belonging to listed companies was 957 million yuan, down 12.08% from the same period last year. In recent years, BAIC Blue Valley performance statement

  New energy brands sales markets cars growth companies new cars subsidiaries limited limited models groups Alpha Alpha 2022-04-28
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  Sales plummeted the chairman resigned, and employees exposed BAIC New Energy layoffs and pay cuts.

  In 2020, when the new energy vehicle market broke out, BAIC New Energy, which once won the championship in pure electric vehicle sales for seven years in a row, has experienced a precipice decline. Entering 2021, BAIC New Energy also seems to be under a lot of pressure. After the chairman of the company announced his resignation, it was revealed that he planned to lay off staff. BAIC New Energy is planning to launch a round of layoffs, accounting for 20 per cent, ahead of the traditional Lunar New year, according to several media reports. It has been revealed that the "layoff list" has been clearly issued, and many employees have begun to send resumes to look for a new next job, and even some senior executives have not been spared, one in BAIC.

  BAIC new energy 2021-01-29
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  Sales plummeted 84%. What happened to BAIC New Energy?

  The new energy vehicle market, which has been declining for 12 months, finally ushered in an increase in sales in July this year, and the new energy business of a number of car companies temporarily ended the state of "falling". However, as once the largest domestic new energy vehicle sales company, BAIC New Energy continues to plummet. BAIC New Energy sold only 2009 vehicles in July, down 84% from a year earlier, while sales from January to July totaled 16709 vehicles, down 78.5% from a year earlier, according to the BAIC Blue Valley report on Aug. 12. Obviously, BAIC New Energy failed the market performance in 2020, falling far more than the entire new energy industry. According to the China Automobile Association.

  BAIC new energy 2020-08-12
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  BAIC Yinxiang may welcome the reorganization with a long holiday, and employees will only give IOUs regardless of whether they go or stay.

  A screenshot of what looks like BAIC Yinxiang's internal chat was obtained online today, which shows that BAIC Yinxiang may have reorganized its "holiday of 1-3 years" to lay off employees. The news shows that according to BAIC Yinxiang's new policy, employees who immediately leave their jobs will be compensated according to the bankruptcy policy of the national company (regardless of magic speed and speed, the working years will be calculated from the first day of employment). Compensation is calculated according to the average salary of the first 12 months; employees who do not leave their jobs will be paid according to the standard of 1200 yuan per month during the holiday period. In terms of insurance, BAIC Yinxiang proposed to the former employees to hand in by the company, by themselves or by themselves.

  BAIC 2019-08-22
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  Without the money, the car could not be sold, and the dealers of BAIC Magic Speed all over the country were cheated.

  Representatives of nearly 100 BAIC Magic Speed dealers across the country gathered in front of the Beijing Automobile Group building to protect their rights, asking for a total of about 200 million in arrears, while the protection of dealers' rights has been going on for several days. The rights protection incident once again exposed the operational difficulties of BAIC Yinxiang Company and the shortage of capital chain. It has been 10 months since the suspension of production was announced, and the problem of BAIC Yinxiang has not been solved so far. "BAIC pays back money" is the slogan of their visit and the purpose of coming here. The amount demanded by rights protection dealers ranges from tens of thousands to more than 10 million, totaling about 200 million, including car booking, deposit, rebate, various losses, and so on. Dealers to BAIC Silver.

  Distributor 2019-04-24