Is BAIC a state-owned enterprise?

BAIC Group is a state-owned enterprise.

BAIC Group is a wholly state-owned enterprise in Beijing. Founded in 20 10, BAIC Group is composed of Beijing Automotive Group Co., Ltd., Beijing shougang shares Co., Ltd. and Beijing State-owned Assets Management Co., Ltd. There are many brands under BAIC Group, including ARCFOX Extreme Focus, BAIC, Beijing Off-road Vehicle, Beijing Benz, Fujian Benz, Beijing Hyundai, Beiqi Futian and Beiqi Changhe.

BAIC also has many important subsidiaries, BAIC Heavy Truck Co., Ltd., which are also state-owned enterprises. BAIC Group and its subsidiaries are state-owned enterprises with obvious state-owned attributes.