Brilliance Auto Group
Chinese state-owned automotive manufacturing company / From Wikipedia, the free encyclopedia
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Huachen Automotive Group Holdings Co. Ltd., known for its brand name Brilliance Auto Group, was a Chinese multinational automobile manufacturer holding company headquartered in Shenyang.[6] Its products include automobiles, microvans, and automotive components.[7] Its principal activity is the design, development, manufacture and sale of passenger cars sold under the Brilliance brand.
Brilliance Auto Group | |||||||||||||
Company type | State-owned enterprise | ||||||||||||
Industry | Automotive | ||||||||||||
Founded |
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Founder |
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Headquarters | Shenyang, Liaoning Province , China | ||||||||||||
Area served | Exported worldwide | ||||||||||||
Key people |
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Products |
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Brands |
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Revenue | CNY181130 million (2019) | ||||||||||||
CNY000279 million (2019) | |||||||||||||
Total assets | CNY195348 million (2019) | ||||||||||||
Total equity | CNY004992 million (2019) | ||||||||||||
Owner |
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Number of employees | 5,610 (Brilliance Auto only)[3] (2019) | ||||||||||||
Parent | Liaoning Provincial Government's SASAC | ||||||||||||
Subsidiaries | Brilliance Auto (SEHK: 1114; 42.32%)[4] | ||||||||||||
Chinese name | |||||||||||||
Simplified Chinese | 华晨汽车集团控股有限公司 | ||||||||||||
Traditional Chinese | 華晨汽車集團控股有限公司 | ||||||||||||
Hanyu Pinyin | Huáchén qìchē jítuán kònggǔ yǒuxiàn gōngsī | ||||||||||||
Literal meaning | "China morning" automotive group holdings limited company | ||||||||||||
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Brilliance Auto Group | |||||||||||||
Simplified Chinese | 华晨汽车集团 | ||||||||||||
Traditional Chinese | 華晨汽車集團 | ||||||||||||
Hanyu Pinyin | Huáchén qìchē jítuán | ||||||||||||
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Brilliance Auto | |||||||||||||
Simplified Chinese | 华晨汽车 | ||||||||||||
Traditional Chinese | 華晨汽車 | ||||||||||||
Hanyu Pinyin | Huáchén qìchē | ||||||||||||
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Website | www | ||||||||||||
Footnotes / references financial figures are from consolidated financial statements; profit and equity have excluded minority interest. Source:[5] |
Brilliance Auto Group holds a 42.32% shareholding in the Bermuda-incorporated Brilliance China Automotive Holdings Limited (commonly known as Brilliance Auto or Brilliance China), which is listed on the Frankfurt and Hong Kong stock exchanges.[8]
Brilliance China Automotive Holdings (Brilliance Auto) previously produced "Brilliance" branded cars under manufacturing unit Brilliance Motor which has since been sold to BMW. Brilliance Auto also holds 25% of BMW Brilliance, a joint venture with BMW which produces, distributes and sells BMW passenger cars in mainland China. It also holds a 51% stake of Renault Brilliance Jinbei, a joint venture with Renault which designs, develops, manufactures and sells light commercial vehicles under the Jinbei, Huasong and Renault brands. As of 2022 (VW), BMW holds 100% share in Brilliance Motor and 75% of BMW-Brilliance, controlling the majority of production capacity under Brilliance.
In 2010, Brilliance Auto Group and its subsidiaries had an annual production capacity of 800,000 vehicles[9] although capacity has come online since. In 2012, the company manufactured almost 650,000 vehicles, the eighth-largest production of any Chinese vehicle maker that year.[10] Roughly 70% of production was consumer sedans.