BAIC-backed Chinese EV maker secures $1.39b in strategic financing

BAIC-backed Chinese EV maker secures $1.39b in strategic financing

Photo from BAIC BJEV.

BAIC BJEV, an indirect subsidiary of Chinese state-owned automaker BAIC Group, has secured 10.15 billion yuan ($1.39 billion) in strategic financing after the smaller Chinese electric vehicle (EV) player ended 2024 with a rise in sales.

Edited by: Padma Priya