BAIC reveals target to join top 3 automakers in China through new models, R&D

The local partner of the Daimler Group and Hyundai Motor unveiled an ambitious blueprint on Sept 28, that aims at a top spot in the Chinese market by 2020 through lineup upgrades and research breakthroughs.

BAIC Group's 2020 strategy has set a challenging target for the BAIC Motor brand to consolidate its Senova and Wevon series and become one of the top three Chinese passenger car brands, and list its stock in the country's A-share market.

Xu Heyi, chairman of the BAIC Group, said in his speech: "BAIC's system has accumulated abundant resources in the past five years. We have established a comprehensive industrial chain from research and development, OEM support and manufacturing to distribution."