Beijing Automotive Industry Holding Co., Ltd. (hereinafter referred to as BAIC Holding Co., Ltd., Beijing Automotive) announced today that BAIC Holding Co., Ltd. has completed the acquisition of related intellectual property rights with Swedish Saab Automobile Co., including cash Saab 9-5, 9-3, etc. The entire vehicle platform and two series of turbocharged engine, transmission technology ownership and part of the production mold. At the same time, Saab will also support Beiqi's use of Saab technology to develop and manufacture its own brand models. A spokesperson for Beiqi Holding Company said: In the past two weeks, the two teams have worked together to show a high level of professionalism. This technical cooperation has deepened mutual understanding and trust. It is an important milestone in the strategic cooperation between BAIC and Saab, and it also lays a good foundation for both parties to further explore and expand the win-win cooperation. High speed residential garage door
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The transaction completed by BAIC and Saab was the first successful case for domestic auto companies to acquire overseas advanced complete vehicle complete sets of technology and powertrain technology this year. In response, the spokesperson stated that in accordance with the “Regulations on the Adjustment and Revitalization of the Automotive Industryâ€, the state has guided and supported domestic leading auto enterprise groups to participate in international competition and cooperation in accordance with international rules and relevant laws, thereby enhancing independent research and development capabilities and core competitiveness of enterprises. . He said that taking the road of internationalization is an important way for BAIC to achieve a leap-forward development strategy. BAIC will fully promote this project and use this as an opportunity to achieve product development and international synchronization of its own-brand passenger vehicle and achieve domestic leading level.