BAIC to build more own-brand models

2010/04/28

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Models pose by a C71 of Beijing Automotive Industry Holdings Corporation at the Beijing auto show. [Song Fan / For China Daily]

BEIJING - Beijing Automotive Industry Holding Corp (BAIC), the Chinese partner of Daimler AG and Hyundai Motor Corp, plans to launch more than 20 passenger vehicle models under its own brand by 2014, mainly based on acquired core technologies from Swedish brand Saab.

The fifth-biggest Chinese auto group said during the Beijing auto show that its own-brand passenger vehicles will include a subcompact, compact, mid-sized and large-sized sedans as well as light and heavy-duty sports-utility vehicles (SUVs) and crossovers.

BAIC will roll out three models later this year, a B40 light-duty SUV, a C30 subcompact car and a J30 crossover, it said.

The company bought Saab 9-5 and 9-3 models as well as its engine technologies for $200 million last December. But it didn't buy the Saab brand, which was acquired by small Dutch automaker Spyker Cars NV in February.
                                                                                      Source:China Daily