David Pieris Automobiles partners with automaker BAIC
View(s):David Pieris Automobiles (Private) Ltd (DPA), a David Pieris Group company, has announced its partnership in Sri Lanka with Beijing Automotive Industry Holding Co Ltd (BAIC).
BAIC is the 6th largest automobile company in China. Founded in 1958 as the Beijing Automotive Manufacturing Factory (BAMF), it has emerged as one of China’s leading and globally recognised automotive conglomerates with a rich history marked by milestones such as the development of iconic vehicles like the Jinggangshan sedan, BJ212, and BJ130. As a key player in the Fortune 500, its parent company, Beijing Automotive Group Co Ltd holds the 162nd position, underlining its financial strength and market presence, DPA said in a media release.
BAIC has been a pioneering force in China’s automotive industry, establishing joint ventures with major international players such as American Motors Corporation, Hyundai Korea, and Mercedes-Benz. BAIC’s close affiliation with Mercedes-Benz is highlighted by its 9.98 per cent stake in the Mercedes-Benz Group, making it the largest individual shareholder.
The product portfolio of the BAIC Group includes a diverse range of private cars (ARCFOX, BEIJING, and BAIC ORV), independent commercial vehicles (BAIC Foton, BAIC Changhe), and joint venture brands (Beijing Benz, Fujian Benz, Beijing Hyundai Motor, and Foton Daimler).
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