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What is Beijing Automotive Group mean?
BAIC Group (officially Beijing Automotive Industry Holding Co., Ltd.) is a Chinese state-owned enterprise and holding company of several automobile and machine manufacturers located in Beijing, China.
Its principal subsidiaries include the passenger car maker Beijing Motor; military vehicle and light truck maker BAW; and truck, bus, and agricultural equipment maker, Foton Motor. BAIC also makes Hyundai and Mercedes-branded cars for sale on the Chinese market through the Beijing Hyundai and Beijing Benz joint ventures (of BAIC Motor).
It is often ranked as the fifth or fourth-largest Chinese automaker by volume and boasts several successful passenger-car joint ventures with foreign firms. However, unlike peers such as SAIC Motor, a significant proportion of BAIC's output is agricultural, commercial, and military vehicles.
referencePosted on 28 Oct 2024, this text provides information on Miscellaneous in General related to General. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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