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Beijing E-Town names 2015 star performers

Jan 14, 2016 (China Knowledge) - "Think globally; act locally" — firms in Beijing E-Town, a triple A-rated industrial park, interpreted the idea perfectly and fared well last year. Here are some of the best performers at a glance.


Beijing Benz Automotive Co., Ltd

Daimler’s Sino-German production joint venture Beijing Benz Automotive Co., Ltd (BBAC), which was established in Aug, 2005, has made major breakthroughs last year in term of sales, manufacturing capacity, and new model launches.


The car maker saw for the first time ever an annual production of more than 200,000 units in 2015. And it delivered shining performance almost every month. Mercedes-Benz's M270 engines were put into production at the BBAC engine plant in Mar; The new generation compact cars (NGCC) plant went into operation with the locally produced GLA-Class premium compact SUVs going offline in Apr; and the official inauguration of BBAC’s Engine Plant Phase II Project in Jul marked the completion of Daimler’s first overseas Mercedes–Benz passenger car engine plant.

Making Beijing E-Town their headquarters last Aug, Chinese e-commerce behemoth raised more than RMB 1 billion in Sep from investors via an equity crowdfunding platform it launched to support startups, marking the largest such platform in the country so far.


According to statistics, the platform, which made up nearly 60% of China's crowdfunding industry in the first half of 2015, has initiated more than 2,000 programs with some 2 million individual users. And it has rolled out several programs each worth tens of millions of RMB, such as the Three Papas air freshener and the Dakele mobile phone.


Youcare Pharmaceutical Group Co., Ltd

This pharmaceutical firm made it again into China's Top 100 Pharmaceutical Companies at the 10th China Drug Manufacturing Enterprises Annual Meeting, which was held in Tengchong, Yunnan Province on June 30, 2015.


Semiconductor Manufacturing International Corporation (SMIC)

As SMIC<0981>, China's largest chipmaker, witnessed rising sales from China, with its capacity utilization expected to remain 92% in 2017, Macquarie Group initiated the chipmaker at "Outperform" in its report issued in Dec, 2015.


Bucking the overall market downturn, SMIC saw its China sales take up more than half of its total by the end of second quarter of 2015. Last year, SMIC put into mass production two models of CMOS CIS-BSI, produced the i.MX processors in collaboration with Freescale Semiconductor, and launched various IP solutions.



The high-tech firm, which was founded in 1988, and headquarter in Beijing E-Town, is the country's only certified private enterprise to contract foreign projects in the radio and TV industry. It has registered companies in over 30 African countries and more than 6 million users there. Its television dubbing Studio in Nairobi, Kenya is under construction currently, which will prompt mutual understanding between China and African countries.


Beijing Electric Vehicle Co., Ltd (BJEV)

Recognized as a rising star in Beijing E-Town, Beijing Electric Vehicle Co., Ltd (BJEV), the electric vehicle arm of BAIC Motor, sold a total of 16,834 units of electric vehicles in the first 11 months of last year, soaring 532% year on year, while its market share rose from 20.9% last year to 24.4%.


BJEV is expected to sell 400,000 units of vehicles by 2020, and strives to maintain its position as China's largest pure electric vehicle maker while aiming to make it to the world's top four.


High quality with low emission automakers and electric car manufacturers are benefitting from Beijing government's incentives to reduce air pollution. It is also a major industry encouraged in the new 13th 'Five Year' plan from 2016 to 2020.


Benefiting from E-Town's various preferential programs, such as tax incentives and local government's support, these firms have experienced robust growth and are poised to achieve even stronger results in the future.


Other notable achievers with stellar financial performance and operation excellences are seen in the biomedicine, clean and alternative energy, new materials, aerospace, information technology, robotics and hi-tech manufacturing.


Leveraging on new world's largest airport in its vicinity and expanded area onto Tianjin Municipality and Hebei Province, the future growth of Beijing E-Town will overshadow others in the same league – the AAA-rated industrial parks, by GDP size, quality of economic growth and long-term sustainability.

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