Beijing, September 28, 2026 — A Beijing court on Monday sentenced Xu Heyi, the former chairman of state-owned automaker BAIC Group, to death with a two-year reprieve for bribery and money laundering, according to state media reports citing the court ruling.
The Beijing No. 3 Intermediate People’s Court also ordered the confiscation of all of Xu’s personal assets, stripped him of his political rights for life, and ruled that his illegal gains be turned over to the state treasury.
Xu, born in November 1957, served as chairman of BAIC Group from 2006 until his retirement in July 2020. During his tenure he oversaw major production expansions, joint ventures with partners including Germany’s Daimler (Mercedes-Benz) and South Korea’s Hyundai, and the group’s early moves into electric vehicles. The court found that he exploited his positions as chairman, Communist Party secretary of BAIC Group, and head of various subsidiaries to seek benefits for himself and others.
Under Chinese criminal law, a death sentence with a two-year reprieve suspends execution for two years. If the convict demonstrates good behavior during that period, the sentence is typically commuted to life imprisonment. Such suspended death sentences have been used in high-profile corruption cases under China’s ongoing anti-graft campaign.
The case was reported by China’s state broadcaster and confirmed by international outlets including Reuters. No further details on the precise sums involved or additional charges were immediately available in official statements.
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