Beijing New Energy Automobile Co., LTD. (hereinafter referred to as "BAIC New Energy") is a new energy automobile industry development platform initiated and controlled by Beijing Automotive Group Co., LTD., a Fortune Global 500 enterprise, and jointly established by Beijing Industrial Development Investment Management Co., LTD., Beijing State-owned Capital Management Center and Beijing Electronics Holding Co., LTD. The company was founded in November 2009, located in Daxing Economic and Technological Development Zone, has initially formed a nationwide industrial layout, is a advocate of green economy, committed to new energy vehicle technology research and development, resource intensive integration of high-end industrial development platform, business scope covers new energy vehicles and core parts research and development, production, sales and service.