BAIC Motor Co (1958.HK)
In 2013, E-Town Capital supported the development of Beijing Benz Automotive Co’s second facility with entrusted loans. In 2014, E-Town Capital invested $100 million as a cornerstone investor and participated in BAIC’s Hong Kong IPO. The stock code is 1958.HK.
BAIC Motor Co is the platform for BAIC Group's vehicle resource aggregation and business development. In 2013, it became the main part of BAIC Group's Second Venture and is the driving force of development and institutional innovation of the BAIC Motor brand.
Due to a slight improvement in the Chinese auto market, BAIC Motor Co achieved 1.66 million vehicle sales in 2017, reporting annual operating income of 134.15 billion yuan ($19.92 billion), a year-on-year increase of 15.46 percent.
Website: http://www.baicmotor.com/