The Beijing Automotive Industry Holding Co. Ltd. (BAIC) (simplified Chinese: 北京汽车工业控股有限责任公司; pinyin: Běi jīng qìchēgōngyè jìnchūkǒu gōngsī) is the holding company of Chinese automobile and machine manufacturer Beijing Automotive Import & Export Corporation (BAIEC) located in Beijing.
BAIC is aiming to unveil several own-brand vehicles in 2010 and wants to double overall sales to 2 million a year by 2011.
The company was founded around joint ventures with Western automobile manufactors, namely Jeep and Daimler-Benz (see Beijing-Benz DaimlerChrysler Automotive). The company produces around 700,000 jeeps, light-duty trucks and travelling vans per year. In 2009, the company has become known for being a bidder for both GM's European branch Opel and Ford's Swedish subsidiary Volvo. In September 2009 it was announced that BAIC was going to join as a minority stakeholder into a deal with Koenigsegg Automotive AB to buy the Swedish car manufacturer SAAB, however the deal fell through in November 2009.
In December 2009, Beijing Automotive Industry Holding Corp said it paid $200m for technology from General Motors’ Saab unit, allowing it to roll out Saab-based cars as soon as 2011. The intellectual property bought by BAIC, includes the rights to three overall vehicle platforms Saab 9-3 and Saab 9-5 technologies, two engine technologies and two transmission systems.
- BAIC Official Website Template:Zh icon
- (BAIEC) Beijing Automotive Import & Export Corporation
- Beijing-Hyundai Motor Company Joint-Venture
- Beijing 2010: BAIC (Saab) C60 and C71 and swappable batteries
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