BAIC Motor renews connected transactions, forecasts revenue growth through 2028

BAIC Motor Corporation Limited is set to renew key continuing connected transactions with its controlling shareholder, BAIC Group, for three years, from January 1, 2026, to December 31, 2028. This includes agreements for purchasing products and services, provision of products and services, and trademark licensing. The company also entered a new Financial Services Framework Agreement with BAIC Group, effective for the same period.

The proposed annual caps for product purchases are RMB52,633 million in 2026, RMB65,089 million in 2027, and RMB69,846 million in 2028. Service purchases are capped at RMB7,635 million, RMB9,513 million, and RMB10,506 million for the respective years. Sales of products are projected with annual caps of RMB33,552 million, RMB41,453 million, and RMB44,439 million. Trademark licensing fees are capped at RMB788 million, RMB915 million, and RMB915 million.

The Financial Services Framework Agreement sets annual caps for maximum daily deposit balances at RMB22,000 million for each year, with interest income caps of RMB490 million annually. Charges for other financial services are capped at RMB870 million in 2026, RMB1,262 million in 2027, and RMB1,523 million in 2028. These caps reflect expected sales growth and business expansion.