BAIC Motor Corp Ltd (1958.HK)

1958.HK on Hong Kong Stock

15 Dec 2017
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Latest Key Developments (Source: Significant Developments)

BAIC Motor Corp enters capital increase agreement​ with Daimler Greater China
Friday, 10 Nov 2017 

Nov 10 (Reuters) - BAIC Motor Corp Ltd <1958.HK>::Company and Daimler Greater China entered into capital increase agreement​.Co and Daimler Greater China to contribute an aggregate amount of RMB400 million to Mercedes-Benz Leasing​.‍DGRC will contribute 65% of amount under capital increase, while co will contribute 35% of amount under capital increase​.  Full Article

Iflytek signs strategic co-operate framework agreement with BAIC Motor
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Iflytek Co Ltd <002230.SZ> ::Says it signed strategic co-operate framework agreement with BAIC Motor Corporation Ltd on intelligent human-computer interaction technology, vehicle intelligent and artificial intelligence technology, big data analysis, intelligent vehicle networking platform and marketing resources business .  Full Article

BAIC Motor Corp ‍enters strategic cooperation framework agreement with Ifytek Co.​
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - BAIC Motor Corp Ltd <1958.HK> ::‍Enters into strategic cooperation framework agreement between company and Ifytek Co., ltd​.  Full Article

BAIC Motor Corp and Yanfeng Automotive Trim Systems enter strategic cooperation framework agreement​
Monday, 30 Oct 2017 

Oct 30 (Reuters) - BAIC Motor Corp Ltd <1958.HK>:Co and Yanfeng Automotive Trim Systems entered into a strategic cooperation framework agreement​.  Full Article

BAIC Motor Corp says 9-mnth net profit attributable RMB1.97​ bln
Friday, 27 Oct 2017 

Oct 27 (Reuters) - Baic Motor Corp Ltd <1958.HK>::9-mnth net profit attributable RMB1.97​ billion versus RMB3.92 billion.9-Mnth total operating income RMB104.07 billion versus RMB84.18 billion.  Full Article

Baic Motor Corp says net profit attributable for year ended Dec. 31 2016 expected to increase over 90%
Tuesday, 14 Feb 2017 

Baic Motor Corp Ltd <1958.HK>- : Net profit attributable to equity holders of company for year ended 31 december 2016 is expected to increase by over 90% .Profit increase due to increase in results of Beijing Benz And Beijing Brand in 2016.  Full Article

BAIC Motor Corp HY net profit RMB 2.41 bln<1958.HK>
Wednesday, 24 Aug 2016 

BAIC Motor Corp Ltd <1958.HK>: Interim results announcement for the six months ended June 30, 2016 <1958.HK> . HY net profit RMB 2.41 billion versus RMB2.17 billion . Says HY revenue RMB 49.04 billion versus 36.52 billion . Did not recommend the payment of any interim dividend for the six months ended June 30, 2016 . For the automobiles market, the 50% reduction in purchase tax for low-emission vehicles is likely to expire towards the end of 2016 . Expect considerable room for growth in new energy vehicle sales in the second half of 2016, despite a decline in new energy vehicles subsidies . Infrastructure for new energy vehicles market continues to improve and the public's approval gradually increases" . Says the all-new e-class sedans will go on sale in the third quarter of 2016. . Says group is fully confident of its market prospects and expects e class Sedans to be a new source of profit growth for Beijing benz . In the second half, Beijing hyundai will launch a brand new verna a0 and a face-lifted new Santa-Fe .  Full Article

BAIC MOTOR Corp Ltd issues FY profit outlook
Friday, 26 Feb 2016 

BAIC MOTOR Corp Ltd:Profit attributable to the owner for 31 December 2015 is expected to decrease by 26.5% as compared with corresponding period in 2014.Expected decrease in the results was mainly due to the overall volatility in the automobile industry in 2015.  Full Article


Daimler to invest $755 million in China for electric car, battery production - executive

GUANGZHOU/BEIJING Germany's Daimler AG plans to invest 5 billion yuan ($755 million) in China, jointly with its Chinese joint-venture partner, for capacity to produce electric cars and the batteries that power them - part of an effort to help its China operations comply with the country's green car production and sales quotas.