Beijing Automotive Group Co., Ltd. (hereinafter referred to as "BAIC Group") is a backbone enterprise of China auto industry. Originated from the Beijing automobiles factory founded in 1958, BAIC Group is headquartered in Beijing. It has developed into large enterprise group ranked 124th among the world's top 500, covering the industry chain from R&D and manufacturing of vehicles and parts to automobiles service trade, comprehensive travelling service, financing and investment business with more than 500 billion yuan of annual revenue.