Beijing New Energy Automobile
BAIC BJEV is an electric vehicle unit of Beijing Automotive Group.
| Date | Investors | Amount | Round |
|---|---|---|---|
N/A | Corporate spinout | ||
* | $1.6b | Series B | |
N/A | Late VC | ||
* | N/A | Late VC | |
| Total Funding | $1.6b | ||
| CNY | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | (78 %) | 65 % | 9 % | 50 % | 1 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | 7 % | (44 %) | (19 %) | (28 %) | (22 %) | (24 %) |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | - | (123 %) | (60 %) | (57 %) | (38 %) | (48 %) |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| R&D % of revenue | 2 % | 18 % | 14 % | 13 % | 8 % | 12 % |
Source: Company filings or news article
Related Content
Beijing New Energy Automobile (BJEV) is the electric vehicle manufacturing subsidiary of the Beijing Automotive Group (BAIC), a major state-owned Chinese automobile manufacturer. The company focuses on the research, development, production, and sales of new energy vehicles, primarily pure electric cars.
BJEV operates in the competitive Chinese electric vehicle market, targeting consumers looking for environmentally friendly and technologically advanced transportation options. Its business model revolves around the entire lifecycle of electric vehicles, from design and engineering to manufacturing and sales. As a state-backed entity, it likely benefits from government support and incentives for the new energy vehicle sector in China. The company generates revenue through the sale of its electric vehicles to the general public and potentially to fleet operators.
Keywords: electric vehicles, automotive, manufacturing, new energy, state-owned, China, green transportation, smart travel, e-mobility, BAIC
