BAIC & BJEV ELECTRIC VEHICLES
Beijing Automotive Industry Holding Co. Ltd (BAIC) is the 60% Chinese Government owned automaker. BAIC electric vehicle business was spun off into a separate company, Beijing Electric Vehicle Company (BJEV). The company raised $460mln in and IPO for its Electric Vehicle unit, which drew investors such as LE Holdings, the Chinese company with ties to Faraday Future. The BJEV factory is situated in Caiyu, Daxing, Beijing. The vehicle bodies are welded in Zhuzhou Hunan province. BJEV has launched its new range of EV’s, called the Arcfox. The range includes the tiny open top SUV, the Arcfox-1 and the top model the Arcfox-7. BAIC & BJEV benefit from the purchase of the former GM unit, SAAB Automobile.The German company, Daimler AG, acquired a 12% shareholding in BAIC during November 2013. BAIC is the fourth largest vehicle manufacturer in China and produces some of the best-selling electric vehicles in the country, the E150/160/200 series. The Daimler influence is noticeable.
The German company, Daimler AG, acquired a 12% shareholding in BAIC during November 2013. BAIC is the fourth largest vehicle manufacturer in China and produces some of the best-selling electric vehicles in the country, the E150/160/200 series. The Daimler influence is clear in the design of the new BAIC EU260 model, which looks similar to the Mercedes C series.
BAIC BJEV was one of the first automakers to qualify for an electric vehicle production certificate from the Chinese Government in 2016.
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BAIC BJEV ELECTRIC CARS IN THE NEWS
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