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What is the reason for BAW's exit from BAIC Group?

1 Answers

VanJasmine

07/30/25 1:22am

BAW's exit from BAIC Group is due to BAIC Group's continuous losses, and the Beijing State-owned Assets Supervision and Administration Commission required BAIC Group to withdraw from BAW. BAW: BAW was founded in 1958 as a Chinese automobile brand, mainly producing off-road vehicles and military vehicles. It is the second large-scale automobile production enterprise established in China after Changchun First Automobile Works. It can be called the pioneer of China's automobile industry and the cradle of Beijing's automobile industry. BAIC Group: A backbone enterprise in China's automobile industry, established in 1958 and headquartered in Beijing. It has developed into a large state-owned automobile enterprise group covering the R&D and manufacturing of complete vehicles and parts, automobile service trade, comprehensive travel services, finance and investment, etc.

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