[Summary] Automotive Power
Beijing Automotive Group Co., Ltd. (abbreviated as "BAIC Group") is a backbone enterprise in China's automotive industry. Founded in 1958 and headquartered in Beijing, it has developed into a large enterprise group whose industrial chain covers vehicle and parts R&D and manufacturing, automotive service trade, comprehensive mobility services, finance and investment, with annual operating revenue exceeding 480 billion yuan and over 90,000 employees, ranking 192nd on the Fortune Global 500 list. BAIC Group, with Beijing as its headquarters center, has improved its industrial layout across more than ten provinces and cities nationwide, focusing on three main businesses: vehicles, parts, and service trade. It owns independent brands such as Xiangjie, ARCFOX, Beijing Auto, BAIC Foton, Beijing-Benz, Fujian Benz, Beijing Heavy Truck, and joint venture brands such as Beijing Hyundai and Foton Daimler. BAIC Group will adhere to its brand concept of "Xing You Dao • Da Tian Xia", pursue a sustainable development path of scale, high-end, service, international, and low-carbon, and strive to build a manufacturing service enterprise and an innovative enterprise, providing high-tech, high-quality, safe and environmentally friendly comprehensive mobility solutions for the whole society, becoming an internationally competitive automobile manufacturer and service provider, and a high-quality and beautiful travel life *.
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