BAIC Shows Its Strength at the Vehicles Delivery Ceremony for APEC

The 2014 APEC meeting will be held at Yanqi Lake in Beijing’s Huairou district in November. In 2009, BAIC completed the acquisition of Sweden’s Saab Automobile. As a result, BAIC was able to complete the next important step of its internationalization strategy. In 2014, BAIC Group’s progress in terms of becoming a top, internationally recognized automotive brand was again highlighted when the company ranked 248 in the global “Fortune 500” list with revenues amounting to $ 43.32 billion.

The deputy party secretary Li Zhili from BAIC Group said that the APEC meeting was the best platform for BAIC to display its innovative products, strengthen international communications and to firmly establishing BAIC an internationally recognized brand. The focus on new-energy vehicles has become one of the core development strategies of BAIC Group.

Beijing Automotive Group Co., Ltd. (referred to as “BAIC Group”) is one of China’s five largest automotive groups, primarily engaged in vehicle manufacturing, parts, related services. With headquarters in Beijing, BAIC Group  spearheads research and development and forms the center of China’s automotive industry. The company’s subsidiaries include Beijing Benz, Beijing Hyundai, Beijing Foton, BAW, Changhe Automobile and other automotive companies.

Asia-Pacific Economic Cooperation (APEC) is a forum for the promotion of free trade and economic cooperation between 21 Pacific Rim member countries (and three observer countries). It is the most high level forum of its kind in the Asia Pacific region and aims at raising living standards and education levels through sustainable economic growth. In November 1991, the People’s Republic of China alongside, Chinese Taipei and Hong Kong formally joined APEC.