Recent events
Recent events tied to this brand in public sources.
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2021
BAIC announces recalls of Senova X25 and X35 vehicles
Beijing Automotive Industry Holding Co., Ltd. filed a recall plan covering 58,497 Senova X25 vehicles and 102,179 Senova X35 vehicles. The company said it would upgrade the X25 power-steering control-module software and replace the X35 clock spring free of charge to address the stated safety hazards.
2021
BAIC recalls 31,963 EX360 and EU400 electric vehicles
Three BAIC-related companies announced a recall of 31,963 EX360 and EU400 electric vehicles produced from November 1, 2016, to December 21, 2018. The notice says battery-cell degradation under specified charging and temperature conditions could create a fire risk. The companies said they would inspect and repair affected batteries, replace modules or packs if necessary, and update control software.
2020
Beijing Automotive agrees to acquire stakes in BAIC International and BAIC Ruili
Beijing Automotive entered into an equity-transfer agreement with BAIC Group to acquire its 100% stake in BAIC International and 24.78% stake in BAIC Ruili for a total price of RMB 80.5936 million. The article says the transaction would make both entities wholly owned subsidiaries of Beijing Automotive upon completion.
2020
BAIC unveils Hi·Me smart health cabin
BAIC unveiled the BEIJING Hi·Me smart health cabin online. The cabin coordinates vehicle-environment functions including temperature and air cleanliness, and can switch the air conditioner to recirculation when it detects high levels of outdoor air pollutants.
2019
Beijing Automotive signs agreement to invest in Guochuang Center
Beijing Automotive announced that it had signed a capital-increase agreement with Guochuang Center, its existing shareholders and other new shareholders. Beijing Automotive is to subscribe for approximately RMB 48.54 million in new registered capital, representing a 12.02% stake.
2019
Beijing Automotive wins Annual Influential Enterprise award
Beijing Automotive won the Annual Influential Enterprise award at the Southern Weekly annual ceremony on December 13, 2019.
2019
Beijing Automotive and Daimler China agree to inject capital into Mercedes-Benz Leasing
Beijing Automotive and Daimler China agreed to inject a total of RMB 500 million into Mercedes-Benz Leasing in proportion to their shareholdings, increasing its registered capital from about RMB 4.2975 billion to RMB 4.7975 billion upon completion.
2019
Chinese regulators fine shareholders of Beijing Hyundai Leasing for antitrust filing violation
Chinese regulators fined the shareholders of Beijing Hyundai Leasing CNY 900,000 for violating anti-monopoly regulations. The State Anti-Monopoly Regulation Bureau said the joint venture failed to declare its combined income before obtaining its business license; the watchdog determined that it would have little impact on market competition.