Description
BAIC Motor Corp Ltd is a provincial state-owned enterprise that manufactures passenger vehicles (PV) and automotive components. The majority of BAIC’s revenue and operating profits come from joint ventures with Mercedes Benz and Hyundai. The firm also manufactures and sells its own vehicles under the Beijing Brand. The company has two reportable segments which are Oil-powered vehicles it involves manufacturing and sales of passenger vehicles of fuel, and providing other businesses and related services and New energy vehicles that also includes manufacturing and sales of passenger vehicles of new energy, and providing other business and related services.
