Chairman, BAIC Group
Xu Heyi, Chairman of Beijing Automotive Group (BAIC Group) holds a doctorate in management. Xu was an a designer initially and completed his responsibility as Deputy General Manager in ShouGang Corporation, which is the largest steel corporation in China, for 15 years after his graduation. During his stay with ShouGang, he participated in and led the enterprise's revolution and adjustments, as well as industry upgrade within the company. In the sequent five years, he was appointed as a government official in the economic and management department of Beijing, in charge of managing Beijing’s industrial and industry’s economy. In the early part of the 21st century, Beijing’s automotive industry was on the brink of bankruptcy and close to being acquired. At that time, Xu returned as the leader of a company from his rank in the government, to take on responsibilities of shoring up Beijing’s auto industry. Since then, Xu has created a few first in China’s automotive manufacturing, including leading Beijing Hyundai to have become the fastest-growing company, establishing a comprehensive strategic partnership with Daimler in the fields of passenger cars and commercial vehicles, and leading Beiqi Foton to become the biggest commercial vehicle corporation in the world. Currently, Xu is focusing on creating indigenous brands in the passenger car sector. Beijing Automotive Group Co., Ltd. has been established after the BAIC Group purchased Saab’s core intellectual property. BAIC Group is now breaking into the Top 4 positions in China’s auto industry and is listed as No. 47 in the Fortune 500 list within China.