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Beijing Automotive Group (officially Beijing Automotive Industry Holding Co Ltd) is a state-owned enterprise and holding company of several Chinese automobile and machine manufacturers, such as Beijing Automobile Works Co Ltd, etc.[2] Beijing Automotive Industry Holding Co Ltd (BAIC)'s state-run parents may include Beijing Automotive Group (BAIC Group) (Chinese ??????), and The Beijing State-owned Assets Management Co (Chinese ?????????????).[3] This can explain why BAIC companies are sometimes referred to collectively as the Beijing Automotive Group.