The story
In 2009, the BAIC Group established a subsidiary, Beijing Electric Vehicle Co., Ltd. (BJEV). It is the first independently operated electric vehicle manufacture of China, and the enterprise in China to obtain the qualification for the production of new energy vehicles.
Between 2010 and 2014, BJEV is a subsidiary of BAIC Motor, but it was put back under direct control of BAIC Group again prior to BAIC Motor's listing. The company is renamed to Beijing New Energy Automobile Co Ltd (BAIC BJEV).
In 2018, the BAIC BJEV is set to go public through a backdoor listing on the A-share market in China. The company was renamed to "BAIC BluePark New Energy Technology Co., Ltd. (BAIC BluePark)". BAIC BJEV was reconstructed and became a subsidiary of BAIC BluePark.
In December 2019 Beijing BluePark expands an existing cooperation with global automotive supplier Magna International (based in Canada) to a full fletched joint venture, using BAIC Zhenjiang as the donor company. It was renamed as BAIC BluePark Magna Automobile and would be responsible for manufacturing premium electric vehicles under the Arcfox brand.
In September 2021, BAIC BluePark and Huawei made a joint statement, that two companies would collaborate on building intelligent electric vehicle under Arcfox brand.
In May 2022, BAIC BluePark launched the Arcfox α-S HI version under the "Huawei Inside" mode. Huawei empowers the vehicle intelligence through the supply of both software and hardware.
In August 2023, BAIC BluePark issued an announcement that it would extend cooperation with Huawei Consumer Business Group to build a high-end intelligent electric sedan.
In December 2023, according to an announcement made by the China National Intellectual Property Administration (CNIPA), Huawei has transferred multiple trademarks called "STELATO" to BAIC BJEV, the English name of the Huawei-BAIC collaboration brand under Harmony Intelligent Mobility Alliance (HIMA), similar to AITO and Luxeed.
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In March 2024, BAIC BluePark announced that the BAIC Group, its controlling shareholder, entrusted all the voting rights and shares of BAIC BluePark to BAIC Motor. After this share trusteeship, BAIC Motor actually controls approximately 38.70% of the voting rights of BAIC BluePark and the direct controlling shareholder are changed from BAIC Group to BAIC Motor. The company will still be indirectly controlled by BAIC Group, and the actual controller of the company are still the State-owned Assets Supervision and Administration Commission of Beijing Municipal Government.
From Wikipedia’s article on BAIC BluePark, shared under CC BY-SA 4.0.4