BAIC, founded in 1958 and headquartered in Beijing, China, is one of the largest government-owned automobile groups in the country. Ranked 162nd in the Fortune 500, Beijing Automotive Group Co., Ltd. (BAIC) is a leader in vehicle R&D, manufacturing, parts, automobile services, finance, and investment. BAIC’s legacy began with its first self-developed car, the Jinggangshan sedan, followed by iconic models like the BJ212, China’s first generation of light off-road vehicles, and the BJ130, its first light truck. Over the years, BAIC has formed strategic joint ventures, including Beijing Jeep Corporation with American Motors and Beijing Hyundai Auto Co., Ltd. with Hyundai Korea, as well as Beijing Benz Automotive Co., Ltd. with Mercedes-Benz.
FOTON, BAIC’s commercial vehicle brand, was established on August 28th, 1996, and is also headquartered in Beijing. FOTON specializes in a full range of commercial vehicles, including trucks, vans, buses, and construction machinery, with a focus on both fuel and new energy solutions. Having achieved a global sales volume of over 10 million vehicles by 2021, FOTON became the fastest commercial vehicle manufacturer to reach this milestone. As of April 2023, FOTON has sold over 11 million vehicles globally, solidifying its position as a leader in the commercial vehicle industry.