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Four engines drive BAIC Group further up Fortune Global 500 list

Four engines drive BAIC Group further up Fortune Global 500 list

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2019/03/13 09:17
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At 7:30 a.m. U.S. Eastern Time, July 20, 2017, or 19:30 p.m. Beijing Time, July 20, 2017, the US-based Fortune magazine officially released the 2017 Fortune Global 500 list. BAIC Group ranked 137th on the list with operating income of USD 61.13 billion, up by 23 rungs over the previous year.

On the afternoon of July 21, BAIC Group held a press conference on its ranking again in 2017 Fortune Global 500, and Ms. Zhang Dan, representative of Fortune Global 500 in China, announced that BAIC Group ranked 137th on the list. Mr. Zhang Xiyong, General Manager of BAIC Group, introduced the development of BAIC Group and answered the questions from the media. Dozens of mainstream media at home and abroad as well as the leadership of relevant departments of BAIC Group headquarters and BAIC Group’s key member units attended the press conference.

Since it hit the Fortune Global 500 list for the first time in 2013 taking the 336th place, BAIC Group has stayed on the list for five consecutive years and has constantly improved its ranking by 199 rungs. In the past five years, BAIC Group has repeatedly achieved leapfrog development by seizing development opportunities, identifying its development strategy, setting up development goals, working hard and pragmatically. In 2012, BAIC Group sold 1.71 million vehicles and achieved sales revenue of RMB 210 billion. By 2016, BAIC Group has remarkably increased its annual sales to 2.85 million vehicles, with its operating income exceeding RMB 400 billion.

By 2020, BAIC Group is expected to enter the Chinese automotive industry’s first echelon in terms of scale and strength, ranking among top 12 in the global automotive industry and top 100 on the Fortune Global 500 list.