About BAIC New Energy
BAIC New Energy is a company based in Beijing (China) founded in 2009 by Xu Heyi was acquired by Sstqianfeng in June 2018. BAIC New Energy has raised $2.08 billion across 4 funding rounds from investors including Mercedes-Benz, BAIC and China Cinda. BAIC New Energy operates in a competitive market with competitors including Tesla, Polestar, NIO, Fisker and Beijing Che Lixing Information Technology, among others.
- Headquarter Beijing, China
- Founders Xu Heyi
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Sectors
Transportation, Automotive & Logistics
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Phone
Locked
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Website
Locked
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Social
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Annual Revenue
$1.98 B (USD)1.31as on Dec 31, 2024
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Net Profit
-$952.14 M (USD)-28.67as on Dec 31, 2024
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EBITDA
-$526.07 M (USD)-4.4as on Dec 31, 2024
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Total Equity Funding
$2.08 B (USD)
in 4 rounds
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Latest Funding Round
Not available
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Investors
Mercedes-Benz
& 5 more
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Employee Count
Not available
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Acquired by
Sstqianfeng
(Jun 04, 2018)
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Funding Insights of BAIC New Energy
BAIC New Energy has successfully raised a total of $2.08B across 4 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in BAIC New Energy
BAIC New Energy has secured backing from 6 investors, including institutional investors. Prominent investors backing the company include Mercedes-Benz, BAIC and China Cinda.
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Mercedes-Benz is recognized for manufacturing luxury and electric vehicles.
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Cars and commercial vehicles are manufactured and marketed.
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Asset management and financial services are provided to clients.
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Investor details for BAIC New Energy
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Investments & Acquisitions by BAIC New Energy
Investment portfolio details for BAIC New Energy
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Financial Statements - BAIC New Energy
Detailed financials for BAIC New Energy
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Baic New Energy Comparisons
Peer comparison for BAIC New Energy
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Competitors of BAIC New Energy
BAIC New Energy operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Tesla, Polestar, NIO, Fisker and Beijing Che Lixing Information Technology, among others.
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Electric vehicles and solar energy products are manufactured.
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Electric vehicles are manufactured and developed by Polestar.
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AI-enabled electric vehicles and battery-swapping systems are developed by NIO.
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Electric vehicles are manufactured and leased by Fisker Inc.
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Electric SUVs are manufactured in Beijing, China.
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Multi-category electric vehicles and robots are manufactured by Segway-Ninebot.
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Detailed competitors of BAIC New Energy
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Latest news on Baic New Energy
Complete news archive for BAIC New Energy
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Frequently Asked Questions about BAIC New Energy
BAIC New Energy was founded in 2009 and raised its 1st funding round 7 years after it was founded.
BAIC New Energy is headquartered in Beijing, China.
BAIC New Energy is a funded company, having raised a total of $2.08B across 4 funding rounds to date.
Annual revenue of BAIC New Energy is $1.98B as on Dec 31, 2024.
BAIC New Energy was established in 2009 in Beijing, China, within the automotive sector. Electric vehicles are produced, incorporating bionic temperature control for heating and preservation, digital panels for navigation and entertainment, ventilated disc brakes, and multi-link rear suspensions. Operations center on new energy vehicle development, with a focus on innovative features for urban mobility. The founder, Xu Heyi, leads these efforts in the competitive electric car market.
BAIC New Energy's top competitors include Polestar, Beijing Che Lixing Information Technology and Fisker.
BAIC New Energy has 6 investors. Key investors include Mercedes-Benz, BAIC, China Cinda, Beijing Electronics Holdings, and Guangzhou Ant Relocation Logistics.