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Does BAIC belong to state-owned enterprises?
BAIC is a state-owned enterprise. BAIC Group is the abbreviation of the former Beijing Automotive Industry Group Corporation. It was renamed Beijing Automotive Industry Holding Co., Ltd. in September 2000 and Beijing Automotive Group Co., Ltd. in June 20 10. Founded on September 28th, 20 10, BAIC (hereinafter referred to as BAIC) is jointly sponsored by BAIC, Beijing shougang shares Co., Ltd., Beijing State-owned Assets Management Co., Ltd., Modern Innovation Holdings Co., Ltd., Beijing State-owned Assets Management Center and Beijing Energy Investment (Group) Co., Ltd., with a registered capital of 5.6 billion yuan and more than 22,000 employees. It is the vehicle resource of BAIC Group.
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