How much do new and used BAIC cars cost?

Beijing Automotive Industry Holding Co., Ltd. (BAIC) is one of the largest automakers in China, whose history began in 1958. Initially, the company was called Beijing Automobile Works and specialised in the production of trucks and SUVs for military needs. The company's first passenger car was the Beijing 212, produced in 1965.

In the 1980s BAIC began co-operation with the American concern Chrysler, which allowed the company to get access to modern technologies and expand the model range. In 2002 a joint venture with Hyundai Motor Company was established, and in 2005 - with Mercedes-Benz.

An important milestone in BAIC's history was the acquisition of technology and production lines from the Swedish company Saab in 2009. This allowed the Chinese manufacturer to significantly improve the quality of its cars and reach a new level.

In 2013 BAIC presented its first electric car - EU260, which was the beginning of the company's active development in the segment of eco-friendly transport. Today BAIC is one of the leaders in the production of electric vehicles in China.

Interesting facts about BAIC:

• In 2014, BAIC acquired a 70% stake in Atieva (now known as Lucid Motors), an American manufacturer of premium electric vehicles.
• BAIC actively invests in research and development, investing about 5% of its revenue in R&D each year.
• The company has its own test site covering more than 7 square kilometres where new models and technologies are tested.
• BAIC is an official partner of the Beijing Olympics and supplies vehicles to service the sporting events.
• In 2018, BAIC unveiled the ArcFox-GT concept car, an electric supercar with more than 1,000 horsepower.
• The company is actively developing the field of unmanned vehicles, co-operating with leading technology companies.
• BAIC has its own racing team participating in the Formula E championship.
• In 2019, BAIC opened its first overseas factory in South Africa, an important step in the brand's international expansion.
• The company is actively developing green manufacturing by adopting technologies to reduce CO2 emissions and utilise renewable energy.
• BAIC cooperates with the world's leading design studios, including Pininfarina, to create stylish and modern cars.

Today, BAIC is not just a car manufacturer, but a diversified holding company that includes divisions for the production of passenger cars, commercial vehicles, electric vehicles, automotive components, as well as research and development in the field of automotive technology. The company is actively expanding its presence in international markets, aiming to become a global player in the automotive industry.