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Beijing Auto Releases First Saab-Based Model Ahead of Listing

Beijing Automotive Group Co., which makes vehicles with Daimler AG and Hyundai Motor Co., started selling its first sedan based on Saab technology today as it prepares to list its BAIC Motor Corp. unit in Hong Kong.

The Senova, with a 2-liter engine and a starting price of 139,800 yuan ($22,762), is the company’s first car developed using the technology it bought from Saab Automobile in 2009, Han Yonggui, president of BAIC Motor, said in an interview in Beijing today. It is also the company’s first self-developed medium-to-high-end model car, he said.