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BAIC Motor Corp Ltd (1958.HK)

1958.HK on Hong Kong Stock

10.70HKD
23 Feb 2018
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Latest Key Developments (Source: Significant Developments)

Baic Motor Corp Says Board Resolved To Approve Transfer Of Certain Of Assets Of Beijing Branch
Monday, 12 Feb 2018 

Feb 12 (Reuters) - Baic Motor Corp Ltd <1958.HK>::BOARD RESOLVED TO APPROVE TRANSFER OF CERTAIN OF ASSETS OF BEIJING BRANCH TO BEIJING BENZ AUTOMOTIVE.  Full Article

China Quality Watchdog Says Hyundai Motor's China Joint Venture To Recall 97,574 Vehicles
Monday, 29 Jan 2018 

Jan 29 (Reuters) - China's General Administration of Quality Supervision, Inspection and Quarantine on Monday: :CHINA QUALITY WATCHDOG SAYS HYUNDAI MOTOR'S CHINA JOINT VENTURE TO RECALL 97,574 VEHICLES.  Full Article

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%
Monday, 13 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

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China's Geely makes $9 billion Daimler bet against tech 'invaders'

BEIJING/FRANKFURT Chinese carmaker Geely has built up an almost 10 percent stake in Daimler in a $9 billion (£6.44 billion) bet by its chairman that he can access the Mercedes-Benz owner's technology in the growing battle for the future of automotives.