What is the relationship between BAIC and BAIC Futian?

BAIC Group should refer to Beijing Automotive Industry Holding Co., Ltd., which currently holds about 38% of the shares of BAIC Futian and is the largest shareholder of BAIC Futian.

Beiqi Foton Motor Co., Ltd. (Foton Motor for short) is a cross-regional, cross-industry and cross-ownership state-owned listed company. Headquartered in Changping District, Beijing, it has assets of nearly 86 1 100 million yuan, brand value of1808.36 million yuan, and nearly 40,000 employees.

Foton Motor is the backbone of independent brand and innovation in China automobile industry. Now it has formed an automobile ecosystem integrating vehicle manufacturing, core components, automobile finance, car networking and Futian e-commerce.

Among them, the commercial vehicle business covers two major businesses: complete vehicle and service, and automotive intelligent interconnection application. The whole vehicle covers five major business units, such as trucks, buses and commercial vehicles, and Ou Man, Omar, Aoling, Ouhui, Tuyano and other 15 product brands.

The application of automotive intelligent interconnection covers two business units: vehicle networking and e-commerce. The car networking business has the brand of iTink Zhike, covering car terminal equipment, big data platform and car networking operation services.