Brief introduction of Beijing Beiqi Molding Technology Co., Ltd.

On June 28, 2007, Beijing Automotive Industry Holding Co., Ltd. and Jiangnan Molding Technology Co., Ltd. signed a cooperation agreement in Jiangyin City, Jiangsu Province. The two parties will jointly establish Beijing BAIC Molding Technology Co., Ltd. in Beijing, with the equity ratio of 5 1: 49, to provide bumper-based automobile exterior system parts for Beijing automobile manufacturers. In order to achieve the production and sales of 65.438+0.3 million vehicles in 2065.438+00 and the sales income of 65.438+0.50 billion yuan, BAIC Holdings is making great efforts to develop its own brand automobile and parts business.

Beijing BAIC Molding Technology Co., Ltd. was incorporated in June 2008, and was jointly funded by BAIC Hainachuan Company and Jiangnan Molding Technology Co., Ltd. (BAIC Group has five automobile factories, namely Beijing Hyundai Motor, BAIC Foton Motor, BAIC Mercedes-Benz and BAIC Limited, and Hainachuan is the component industry platform of BAIC Group, with more than 20 joint ventures and cooperation with the top 500 companies in the world and the top three companies in China. Jiangnan Mould is one of the largest production bases of automobile bumper assembly and other exterior products in China. The total investment of the first phase project of the company is 250 million yuan, covering an area of 120 mu. Completed in July 1965, 438+00, officially put into mass production. Due to business development, the second phase of the company needs an additional investment of about 250 million RMB, and it is planned to be put into mass production in early 2065, 438+03. The first and second phases of the project are located in Daxing Cai Yu Economic and Technological Development Zone, a Beijing auto parts production base. The company's main business is automobile bumper assembly, door sill side beam assembly, automobile pillar decoration and other automobile interior and exterior decoration products. The key customers are Bohai Rim Automobile Factory, mainly BAIC Mercedes-Benz, Beijing Hyundai, BAIC Automobile, BAIC Futian and BAIC Limited, providing products with high quality, low price and strong competitiveness.

Taking Beijing as the center and assisting the Bohai Rim region, it mainly serves Beijing Automobile, Beijing Hyundai, Beijing Benz, Beiqi Foton and Beiqi Limited, and gradually develops into Beijing Changan, Tianjin FAW and Hebei Great Wall, becoming a modular exterior decoration system supplier with core competitiveness (integrating R&D and manufacturing) in the whole Bohai Rim region.

With the rapid development of BAIC Group, BAIC Molding will continuously improve its design and development capabilities, manufacturing capabilities, operational capabilities and profitability in the future. While ensuring the business in Beijing, we must also ensure that there are many new bases and businesses (Zhuzhou, Hunan, Zengcheng, Guangdong, Nanhai, Shandong and Weifang) capable of supporting the foreign strategic development of BAIC Group.