The story
Beijing Automobile Works was founded in 1953 as The First Accessory Factory and was renamed to Beijing Automobile Works in 1958. In 1987 the company merged with Beijing Motorcycle Company to become the Automobile and Motorcycle United Company (BAM).
The modern company, Beijing Automobile Works Co., Ltd (BAW), was founded in 2001 and incorporates the original Beijing Automobile Works, as well as the first Chinese automobile joint venture Beijing Jeep, Beijing Automobile Assembly and Foton Motor.
In 2010, BAW became a subsidiary of Beijing Automotive Group(BAIC).
In May 2020, BAIC Group sold its stake of BAW to Qingdao Fulu Investment Holding Group, a private company specializes in producing low-speed electric vehicles. BAW was officially disengaging from BAIC Group and transitioning from a state-owned enterprise to a private enterprise. The headquarters of BAW was moved from Beijing to Qingdao, Shandong.
In April 2023, BAW was acquired by Shandong Weiqiao Pioneering Group, a private company active in the textiles and aluminium industry.
In March 2024, BAW launched the 212 brand as an independent brand focusing on off-road vehicles. With the existing BAW BJ212 now being sold as the 212 classic, and a brand new vehicle called the 212 T01.
In June 2024, BAIC Group issued a clarification statement. The statement mentioned that Beijing Automobile Works Co., Ltd. and BAIC Group have no equity or property rights relationships.
From Wikipedia’s article on BAW, shared under CC BY-SA 4.0.4
