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  Without Mercedes-Benz, there would be no BAIC

  "without Mercedes-Benz, BAIC would no longer exist, because 96% of BAIC's money is earned by Mercedes-Benz," netizens said. Recently, Beijing Automobile Co., Ltd. (hereinafter referred to as "Beijing Automobile") released its annual performance report for 2021. According to the report, the revenue of Beijing Automobile reached 175.916 billion yuan in 2021, down 0.6 percent from the same period last year. The results announcement shows that the decline in revenue is due to the decrease in gross profit of Beijing Mercedes-Benz and the increase in gross loss of Beijing brands. Data show that the gross profit of Beijing Automobile in 2021 is 37.643 billion yuan, down 10.67% from the same period last year; the annual net profit is 15.151 billion yuan, the same as.

  Mercedes-Benz 2022-03-27
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  BAIC's profit fell by double digits, while Mercedes-Benz contributed 97% of revenue.

  Recently, Beijing Automobile Co., Ltd. (hereinafter referred to as "Beijing Automobile") released its semi-annual performance report for 2022. According to the report, the revenue of Beijing Automobile in the first half of the year was 83.679 billion yuan, down 7.41% from the same period last year; the profit attributable to shareholders was 2.178 billion yuan, down 21.75% from the same period last year;

  Beijing Automotive Group Brand des brilliance Company Revenue sales BMW impact Business performance shareholders shares 2022-09-01
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  Beijing Automobile made a net profit of 1.721 billion yuan in the first three quarters, and the new leader officially took office.

  On the evening of October 27th, Beijing Auto officially released its results for the first three quarters of 2020. During the reporting period, the group reached 134.43 billion yuan, down 2.97% from the same period last year, and the net profit of shareholders belonging to listed companies was 1.721 billion yuan, down 56.00% from the same period last year. Beijing Automobile Co., Ltd., founded on September 28, 2010, is composed of six large enterprises, including Beijing Automobile Group Co., Ltd., currently Beijing Brand, Beijing Hyundai, Beijing Mercedes-Benz and Fujian Mercedes-Benz. Judging from the performance distribution of Beijing Automobile, Beijing Mercedes-Benz is the largest source of profit for Beijing Automobile. According to the disclosure of Beijing Automobile.

  Beijing Automobile Beijing Mercedes Benz Beijing Hyundai 2020-10-28
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  There's a Mercedes-Benz lying down to win! Double growth of revenue and profit of Beijing Automobile

  On the evening of March 24th, Beijing Automobile Co., Ltd. (hereinafter referred to as "Beijing Automobile") released its annual results, showing that Beijing Automobile realized revenue of 190.463 billion yuan in 2022, an increase of 8.27% over the same period last year. The net profit attributable to the company's equity holders was 4.197 billion yuan, an increase of 8.8% over the same period last year.

  Beijing Automotive sales Brands models China sales luxury Company Business New Market New Energy Chief des 2023-03-26
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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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  Are you in danger? BAIC may lose control of Beijing Mercedes-Benz

  Negotiations with BAIC have been largely completed, and Mercedes-Benz's multi-year increase in Beijing Mercedes-Benz may be settled by the end of this year, according to the Financial Associated Press, citing people familiar with the matter. In this regard, Mercedes-Benz China and BAIC said they had not heard the news, while BAIC insiders told the Financial Associated Press that such information should be available only to a small number of senior executives of the group. Data show that Beijing Mercedes-Benz is a joint venture between Mercedes-Benz Group and BAIC on August 8, 2005, headquartered in Beijing Economic and technological Development Zone. According to Tianyan investigation, BAIC's Hong Kong stocks.

  Beijing Mercedes Benz 2022-03-20
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  Beijing Automobile deepens its adjustment to promote the upward development of the brand

  On July 29, Beijing Automotive Zhida, Zhidao, Zhixing "Zhiduo" and other series of models have "bright sword" Helan Mountain, the era of comprehensive empowerment. Chen Hongliang, president of Beijing Automobile, said that comprehensive sales of independent brands in Beijing reached 82800 in the first half of 2019, of which new energy reached 54000, an increase of 263.6 per cent over the same period last year. The proportion of sales of new energy vehicles has increased significantly, accounting for 70%. An increase of more than 30 percentage points over the same period last year. According to the Federation of passengers, wholesale 9.951 million vehicles were sold from January to June, down 13.9% from a year earlier, and retail terminal sales were 9.954 million, down 9% from a year earlier.

  Car Beijing Brand 2019-08-02
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  Mercedes-Benz under the influence of the epidemic plunged Beijing Automobile's profit by 95% in the first quarter.

  In 2019, Beijing Automobile, which relies on Beijing Mercedes-Benz to bring huge profits, increased by 15% against the trend, with a cumulative revenue of 174.632 billion yuan, of which the related income of Beijing Mercedes-Benz was as high as 155.152 billion yuan, accounting for 89%. This also means that Beijing Automobile performance is completely "manipulated" by Mercedes-Benz.

  Beijing Automobile 2020-04-28
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  Beijing Auto has revenue of 174.6 billion yuan in 2019, and Mercedes-Benz is still the cow with the biggest profit.

  On March 26, Beijing Automobile announced its 2019 results. During the reporting period, the company achieved operating income of 174.633 billion yuan, an increase of 14.95% over the same period last year. The net profit of shareholders belonging to listed companies was 4.083 billion yuan, down 7.83% from the same period last year. Gross profit was 37.487 billion yuan, up 1.3% from the same period last year. Beijing Auto said that the increase in operating revenue was mainly due to the increase in revenue of Beijing Mercedes-Benz and Beijing brands, while the decline in net profit was mainly due to Beijing brands and some investment enterprises feeling that the domestic passenger car industry competition intensified, the overall market downturn and other factors led to profit decline. 20...

  Beijing Automobile Beijing Mercedes Benz Beijing Hyundai 2020-03-28
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  Gao Yang, chairman of Zhongjing Group, was investigated in connection with the case of Xu Heyi of BAIC.

  According to the Economic Observer Network, because of the case involving Xu Heyi, former party committee secretary and chairman of Beijing Automobile Group Co., Ltd., Gao Yang, chairman of Zhongjing Industrial (Group) Co., Ltd., and director of Huishang Bank Co., Ltd., was taken away for investigation in late July 2023. Investigators also transferred from Zhongjing Group involved Beibei.

  Beijing Automobile Director Company Chairman Limited Co. Ltd. Group Secretary Party Committee Secretary share Holdings Xu Heyi position 2023-08-12
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  The chairman of BAIC resigned!

  On May 18, Beijing Automobile announced that Jiang Deyi had submitted his resignation to the board of directors on May 16, 2022 due to job adjustment. He will no longer serve concurrently as chairman, non-executive director, director of the strategy committee of the board of directors and chairman of the nomination committee. At the same time, the board of directors recommended that Chen Wei be appointed as the public.

  Beijing Group Director Automobile Company Chairman Limited Deyi Co. Ltd. shares Business Secretary Party Committee Party Committee Secretary Brand 2022-05-19
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  Beijing Automotive's net profit soared by 96.6% in 2018, while Beijing Mercedes-Benz contributed nearly 90% of its revenue.

  Beijing Auto announced its 2018 results that Beijing auto revenue in 2018 was about 151.92 billion yuan, an increase of 13.2 percent over the same period last year, and net profit was about 4.43 billion yuan, an increase of 96.6 percent over the same period last year. Among them, Beijing Mercedes-Benz has an annual income of 135.42 billion yuan, an increase of 16.0% over the same period last year, accounting for nearly 90% of Beijing Automobile's total revenue in 2018. Beijing Auto includes four business sectors: Beijing Brand, Beijing Mercedes-Benz, Beijing Hyundai and Fujian Mercedes-Benz. Its revenue and profit growth in 2018 is still mainly from the contribution of Beijing Mercedes-Benz, of which Beijing Mercedes-Benz income in 2018 is about 1354 yuan.

  Car Beijing 2019-03-29
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  "annexation" of Beijing Hyundai Factory! Construction of ideal Automobile Factory in Beijing

  According to several media reports, the Beijing Green Intelligent Factory of ideal Automobile has officially started construction in Shunyi District of Beijing. It is understood that the ideal Automobile Beijing Green Intelligent Factory is to transform the existing factory area of the former Beijing Hyundai factory, with a total investment of 6 billion yuan, covering an area of 786mu and a construction area of 270000 square meters. It is expected to be completed and put into production in September 2023. After putting into production, the first phase will achieve an annual production capacity of 100000 pure electric vehicles. Why did the snake swallow the elephant? As early as May this year, several media quoted a document signed for Shunyi District as saying that ideal Automobile will add a new factory in Beijing's Shunyi District with a total investment.

  Beijing Modern 2021-10-18
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  Daimler wants to increase its stake in Beijing Automobile and has asked Goldman Sachs for help.

  On June 28 last year, the Ministry of Commerce of the National Development and Reform Commission issued new measures for the management of foreign investment, and the restrictions on foreign equity ratio of passenger cars will be lifted by 2022. In the face of this new policy, many overseas car companies are ready to move. BMW was the first to increase its stake in the Chinese joint venture brilliance BMW to 75%. Then Volkswagen Audi also revealed plans to "increase its stake." now there is news that Daimler also wants to increase its stake in Beijing Automobile and has asked Goldman Sachs for help. Reuters reported that Daimler has commissioned Goldman Sachs to help it increase its stake in Beijing Automobile, and negotiations are still under way.

  Automobile increasing ownership Beijing Daimler 2019-03-23
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  Beijing Automobile had revenue of 138 billion in the first three quarters, up 15% from the same period last year.

  Under the cold winter of the car market, it is a test for every car company, and Beijing Automobile is no exception. On October 29th, Beijing Auto released its third-quarter operating results, with total revenue of 138.03 billion yuan from January to September this year, an increase of 14.8 percent over the same period last year. The net profit attributed to the owner of the parent company was 3.004 billion yuan, down 21.1 percent from the same period last year. According to specific brand sales, in the first three quarters, Beijing Mercedes-Benz sold 425400 vehicles, up 17.4% from the same period last year; Beijing Hyundai sold 512100 vehicles, down 2.6% from the same period last year; and Beijing sold 52500 cars, down from the same period last year.

  Beijing Automobile had revenue of 138 billion in the first three quarters. 2019-10-29
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  Beijing Automobile increased by 14% in the first half of the year compared with the same period last year. Mercedes-Benz is not afraid!

  Beijing Auto announced that the company achieved 87.764 billion yuan in revenue in the first half of the year, an increase of 14.1 percent over the same period last year. In the same period, the profit attributable to the company's owners was 2.09 billion yuan, down 25.9 percent from the same period last year. Basic earnings per share fell by 30.6 percent to 0.25 yuan. With regard to the interim results, Beijing Automobile said in its announcement that the decline in profits was mainly due to increased competition in the domestic passenger car industry and the overall downturn in the Korean car market for Beijing Hyundai and related supporting enterprises, while the growth in revenue was mainly due to the increase in sales of Beijing Mercedes-Benz and Beijing brands. In terms of sales volume, Beijing brand sales in the first half of this year.

  Car Beijing Mercedes-Benz year-on-year profit 2019-08-28
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  Beijing Automobile: net profit is expected to decline by 95% in the first quarter.

  Beijing Automotive announced on the Hong Kong Stock Exchange on April 16 that it expects net profit to fall by about 95% in the first quarter of 2020 compared with the same period a year earlier. Beijing Automobile said that the sharp decline in performance was mainly due to the impact of the COVID-19 epidemic on China's automobile industry as a whole, its production and sales were also greatly affected, and vehicle sales fell sharply compared with the same period last year, resulting in a decline in efficiency. Beijing Automobile said that due to the uncertainty in the development of the COVID-19 epidemic, it could not be ruled out whether the epidemic would have a further impact on the company's operating performance. However, the domestic epidemic situation has taken a positive turn for the better, and the industry authorities have also introduced it intensively in favor of.

  Beijing Automobile Beijing Mercedes-Benz 2020-04-16
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  Huawei blessed! Can the launch of the new SUV Rubik's Cube in Beijing reverse sales?

  Beijing Auto's new SUV model, the Beijing Rubik's Cube, will go on sale in June, and the new compact SUV was unveiled at the Guangzhou auto show last year and is expected to sell for between 11 and 150000 yuan, according to media reports. In terms of appearance, the new car is different from the current model design of Beijing Auto. The new car adopts a more radical design approach. In the front part, the new car is designed with a closed front and diamond matrix, as well as a two-color splicing. With sharp lights on both sides, the overall sense of science and technology is full. The side of the car body, the new car lines are more smooth, from the picture, the new car also uses the current more popular.

  Beijing Rubik's Cube 2022-04-24
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  It has declined for five consecutive years, Beijing Hyundai has changed its coach again.

  Recently, a major personnel adjustment has taken place in Beijing Hyundai. Among them, Wu Zhoutao, vice president of Beijing Automobile Co., Ltd., served as director and executive deputy general manager of Beijing Hyundai, and Qi Xiaohui, former deputy general manager and management minister of Beijing Hyundai, became deputy minister of Beijing Hyundai sales Department. Wu Zhoutao, who became the leader of Hyundai in Beijing this time.

  Beijing Beijing Hyundai sales Vice President Brand sales Zhou Tao Automobile Factory Market Manager Minister Model number one Product 2022-06-27
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  The Beijing Auto Show will open on September 26, with many new brands showing off for the first time.

  The 2020 (16th) Beijing International Automobile Exhibition (AUTO CHINA 2020) (referred to as "Beijing Auto Show 2020") will be held from September 26 to October 5, 2020 at the new and old pavilions of Beijing China International Exhibition Center, in which September 26-27 is Media Day, September 28-30 is Professional audience Day, and October 1-5 is Public visit Day. Affected by the epidemic, the organizing committee of Beijing International Automobile Exhibition issued a notice on February 17 that it was originally scheduled for April 21 to April 30, 2020.

  Beijing Auto Show 2020-08-19