After 59 years of unremitting development, BAIC Automotive Group Co., Ltd. (BAIC Group) has become one of the five largest automotive groups in China. With its headquarters located in Beijing and at the Turin Styling Centre in Italy and production bases all over China, BAIC Group currently has around 130,000 employees. It is one of the automotive groups in China with the most comprehensive portfolio of products, covering the full range from passenger to commercial vehicles.
In 2018, BAIC Group achieved the promising results 2,402,000 sold units, making BAIC Group No. 5 in China’s automotive sector in terms of income and profit, and No.3 in terms of brand value. Today, BAIC Group 124th in the Fortune Global 500 and has been on the Fortune 500 list for the past 9 years.
Business vision and international expansion with BAIC INTL
BAIC International Development Co., Ltd. (BAIC INTL) is a wholly-funded subsidiary of the BAIC Group. Under the guidance of the board’s chairman of BAIC Group, Mr. XU Heyi, BAIC INTL is expanding its cross-border businesses with the aim of building “Global BAIC”. This visionary project will give birth to networks in the main regions of the world: the Middle East, West Asia, Central Asia, Africa, South America and several other regions. It will thus enable the BAIC Group to reach its strategic objectives and achieve internationalisation in terms of talents, markets, products, brand recognition and management. In order to solidify its global presence, BAIC INTL focuses on five main activities: export of finished vehicles and individual components; import of technologies; equipment and finished vehicles; product improvements; overseas investment; international cooperation.
BAIC INTL’s core business is the development of reliable commercial, passenger, electronic and other types of vehicles. The implementation of BAIC INTL’s strategy is based on two main focal points:
“Strategic business”: The development of the strategic target market and the introduction of complete supply chains.
“Profitable business”: The import and export of vehicles and components and vehicle remodeling within the scope of international trade.