[Xu Heyi, the former Party Secretary and Chairman of BAIC Motor Group Co., Ltd., was sentenced to death with a suspended death sentence in the first instance] September 28, 2026, the Beijing No. 3 Intermediate People’s Court publicly pronounced the verdict on the bribery and money laundering case of Xu Heyi, the former Party Secretary and Chairman of BAIC Motor Group Co., Ltd., and punished the defendant Xu Heyi was sentenced to death for accepting bribes, with a two-year suspended execution, deprived of political rights for life, and confiscated all personal property; for money laundering, he was sentenced to two years in prison and fined RMB 200,000. It was decided to execute the death penalty, with a two-year suspended execution, deprived of political rights for life, and confiscated all personal property. The defendant Xu Heyi's proceeds and interest from the crime of accepting bribes were confiscated and turned over to the state treasury. (CCTV News)