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BAIC Mobility Co., Ltd. established

BEIJING – BAIC Mobility Co., Ltd., a global mobility service platform under BAIC Group, was inaugurated here on April 8.

The newly established company has a registered capital of ¥1.5 billion ($218 million ), in which BAIC Group holds 51 percent of the equity share, Zhuhai Xiexin New Energy Development Co., Ltd. 29 percent, and Beijing Yingrun Fund Management Center (limited partnership) the remaining 20 percent.

According to Cai Suping, chairman of BAIC Mobility, the new company will integrate all the mobility resources of BAIC Group and expand the mobility service to other cities across the country to provide appropriate mobility solutions for customers including vehicle leasing, financial leasing, taxis, internet car hailing, travel services, time-sharing buses and used cars.

Based on existing official business mobility services and centered on a smart and comprehensive transportation service platform, BAIC Mobility will integrate the mobility businesses to set up a three-dimensional service system in China.

“BAIC Mobility is an all-around mobility service platform and will build investment platforms to introduce social capital while at the same time improve the construction of charging networks and third-party payment platform,” said Xu Heyi, secretary of the Party committee and chairman of BAIC Group.

On the same day, BAIC Mobility signed a three-party agreement with Beijing Electronics Zone Investment and Development Co., Ltd. and Beijing Changqingzhu (Beijing) Technology Co., Ltd. to cooperate on the construction of the green mobility intelligent operation platform and investment and development of smart industrial park projects.

BAIC Mobility also inked a framework agreement with Yunnan Metropolitan Real Estate Development Co., Ltd. to collaborate on the investment and development of tourism projects, construction of comprehensive mobility service platforms, NEV promotions as well as charging infrastructure construction.  

Moreover, it will also establish a joint venture with a shuttle bus provider to establish the city shuttle bus sharing mobility solution service system.

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