Xu Heyi, the chairman of BAIC Group for nearly 14 years, was investigated

Xu Heyi, former head of BAIC Group.

The Beijing Municipal Commission for Discipline Inspection and Supervision issued news on Friday (March 31) that Xu Heyi, former party secretary and chairman of Beijing Automobile Group Co., Ltd., is currently undergoing disciplinary review and supervision investigation.

Public information shows that Xu Heyi is 66 years old and graduated from Beijing University of Science and Technology of China., Deputy Secretary of the Party Group, Deputy Secretary of the Industrial Working Committee of the Beijing Municipal Committee of the Communist Party of China, and deputy director of the Beijing Economic Committee.

Xu Heyi joined BAIC Group in 2002, served as Deputy Secretary and Vice Chairman of the BAIC Holding Party Committee, and the Secretary of the Party Committee and Chairman of the Beijing Modern Corporation.Chairman of the company.

According to the surging news report, Xu Heyi has been in charge of BAIC Group for nearly 14 years. During the period, it has introduced modern Korean and German Mercedes.The pillar of BAIC Group, the latest financial report shows that Beijing Benz contributed 96%of the revenue and 60%sales to BAIC Group in 2022.

In terms of capital market operation, Beijing Automobile was listed in Hong Kong in 2014. BAIC Langu, a subsidiary of BAIC Group, was listed on backdoor in 2018, becoming the first share of A -share electric vehicle manufacturing.