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BAIC Motor Corp Ltd

BAIC Motor Corporation Limited, together with its subsidiaries, engages in the research and development, manufacture, sale, and after-sale service of passenger vehicles in the People's Republic of China. It also offers engines, powertrains, power batteries, and other core parts and components for passenger vehicles, as well as range extenders, transmissions, and new energy reducers. In addition, the company is involved in car financing and automobile aftermarket-related activities. It sells its products under the Beijing Brand, Beijing Benz, Beijing Hyundai, and Fujian Benz brand names. The company was founded in 1958 and is headquartered in Beijing, the People's Republic of China.

Price · split & dividend adjusted
News & notes moving 1958.HK
Electrification & Mobility▼impact 4

Mercedes Faces 2030 US Ban Risk Over Nearly 20% Chinese Ownership

Mercedes-Benz is seeking changes to a bipartisan Senate bill that could ban its connected-vehicle sales in the US from 2030 because Chinese investors hold nearly 20% of the company, exceeding the proposed 15% ownership limit. The automaker is pushing lawmakers to raise the threshold to 25%, matching the cutoff proposed for suppliers, while the Senate Commerce Committee is also considering replacing the fixed percentage with a broader national-security risk assessment. BAIC Motor and Geely founder Li Shu Fu each hold nearly 10% stakes, and Mercedes says no single shareholder exceeds 10% or has board representation. The legislation would not apply to existing operations until 2030, giving Mercedes roughly three years to comply or secure changes, as it employs thousands in the US and recently announced a $4 billion investment in its Alabama plant through 2030.
MBG.XETRA ▼0175.HK ▼1958.HK ▼
Electrification & Mobility ▼Defense & Geopolitical Fragmentation
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Electrification & Mobility▲

Jing-Jin Electric responds to Shanghai Stock Exchange inquiry: 2025 turnaround hinges on BAIC volume ramp-up, North American project termination gains and government subsidies cause profit volatility

Jing-Jin Electric disclosed its response to the Shanghai Stock Exchange's regulatory inquiry letter on its 2025 annual report. The company's 2025 revenue was 2.729 billion yuan, doubling year-on-year, with net profit attributable to the parent company of 150 million yuan, achieving its first turnaround since listing. However, net profit after deducting non-recurring items was only 32 million yuan, and it fell back into loss in the first quarter of 2026. The company explained that the core driver of its 2025 performance surge was the volume ramp-up of range-extender off-road vehicles supplied to BAIC. Full-year sales revenue to BAIC reached 1.485 billion yuan, contributing 85.63 percent of the revenue increase. The strong net profit in the fourth quarter was due to the termination of projects for several North American customers, under which the company recognized substantial technical service revenue in accordance with accounting standards. The difference between net profit after deducting non-recurring items and net profit attributable to the parent company exceeded 118 million yuan, mainly from large government subsidies received for a major industrialization project under the Ministry of Industry and Information Technology. Regarding the return to loss in the first quarter, the company attributed it to weakening downstream demand, reduced government subsidies, increased exchange losses, and higher research and development investment. The company stated that the 2025 turnaround was not incidental, as domestic and overseas project nominations form medium- to long-term order support, but the small scale of recurring profit makes performance susceptible to fluctuations in downstream vehicle model sales.
688280.CG ▲1958.HK ▲
Electrification & Mobility
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