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Company type | Private |
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Industry | Automotive |
Founded | 1953; 72 years ago (1953) |
Headquarters | , |
Products | Automobiles,commercial vehicles |
Parent | Shandong Weiqiao Pioneering Group |
Subsidiaries | Modern Auto Jishi Auto |
Website | baw.com.cn |
Beijing Automobile Works Co., Ltd. (BAW) (Chinese:北京汽车制造厂有限公司, short form: 北汽制造) is a Chinese car manufacturer based inQingdao. It used to be a subsidiary ofBAIC Group but was sold to private sector since 2015.[1][2] BAW started off producing lightoff-road vehicles andtrucks, and nowadays, BAW produces civilian as well asmilitary vehicles.
Beijing Automobile Works was founded in 1953 as The First Accessory Factory and was renamed to Beijing Automobile Works in 1958. In 1987 the company merged with Beijing Motorcycle Company to become the Automobile and Motorcycle United Company (BAM).
The modern company, Beijing Automobile Works Co., Ltd (BAW), was founded in 2001 and incorporates the original Beijing Automobile Works, as well as the first Chinese automobile joint ventureBeijing Jeep, Beijing Automobile Assembly andFoton Motor.
In 2010, BAW became a subsidiary ofBeijing Automotive Group(BAIC).
In May 2020,BAIC Group sold its stake of BAW to Qingdao Fulu Investment Holding Group, a private company specializes in producing low-speed electric vehicle. BAW was officially disengaging fromBAIC Group and transitioning from a state-owned enterprise to a private enterprise. The headquarters of BAW was moved fromBeijing toQingdao,Shandong.[3][4]
In April 2023, BAW was acquired byShandong Weiqiao Pioneering Group, a private company active in the textiles and aluminium industry.[5]
In June 2024, BAIC Group issued a clarification statement. The statement mentioned that Beijing Automobile Works Co., Ltd. and BAIC Group have no equity or property rights relationships.[6]
北汽集团在此澄清,北京汽车制造厂有限公司是一家生产基地主要位于山东青岛的民营企业,与北汽集团无股权关系、产权关系。