BAIC in the Market for Western Car Companies
Got a mid to large sized automobile manufacturer to sell? Preferably with the latest technology and know-how? Want to unload a portfolio of established brands? Drowning in debt? Then call +86 10 67699888 and talk to Xu Heyi at Beijing Automotive Industry Corp (BAIC). You may find an attentive listener.
Xu Heyi set himself aggressive targets. The aforementioned international cooperation opportunities would be extremely helpful in reaching the ambitious targets: By 2015, BAIC wants to sell 3 million units. That’s three times the size of Volkswagen or GM China. In the first half of this year BAIC managed to sell 580,000 vehicles, up 28 percent from a year earlier.