BAIC Motor Sells 51% Stake in BAIC International to BAIC Group for RMB1.61 Billion

Reuters11-21
BAIC Motor Sells 51% Stake in BAIC International to BAIC Group for RMB1.61 Billion

BAIC Motor Corporation Limited has agreed to sell 51% of the equity interests in its wholly-owned subsidiary, BAIC International Development Co., Ltd., to BAIC Group for a total cash consideration of RMB 1,607.5740 million. The final price will be determined based on the appraised value of the equity interests as outlined in an independent asset valuation report. BAIC International is primarily engaged in the overseas sales and distribution of the group's self-branded passenger vehicles. The transaction was formalized through an equity acquisition agreement signed on 21 November 2025.

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