Tolong jelaskan mengenai History dari Beijing Automobile Works

Beijing Automobile Works was founded in 1953 as The First Accessory Factory and was renamed to Beijing Automobile Works in 1958. In 1987 the company merged with Beijing Motorcycle Company to become the Automobile and Motorcycle United Company (BAM).

The modern company, Beijing Automobile Works Co.,Ltd (BAW), was founded in 2001 and incorporates the original Beijing Automobile Works, as well as the first Chinese automobile joint venture Beijing Jeep, Beijing Automobile Assembly and Foton Motor.

In 2010, BAW became a subsidiary of Beijing Automotive Group(BAIC).

In May 2020, BAIC Group sold its stake of BAW to Qingdao Fulu Investment Holding Group, a private company specializes in producing low-speed electric vehicle.  BAW was officially disengaging from BAIC Group and transitioning from a state-owned enterprise to a private enterprise. The headquarters of BAW was moved from Beijing to Qingdao, Shandong.

In April 2023, BAW was acquired by Shandong Weiqiao Pioneering Group, a private company active in the textiles and aluminium industry.