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Is Baojun a joint venture car or a domestically produced car?

As for the question of whether Baojun is a joint venture car or a domestically produced car, the answer is as follows:

As we all know, Baojun is a passenger car brand created by SAIC-GM-Wuling, and it is a rather special one. The joint venture brand is like a hybrid born in China. General Motors owns a stake in Wuling Motors and is responsible for providing technology and collecting money, but Wuling's brand still belongs to China, and the same situation applies to Baojun, so strictly speaking, Baojun and Wuling are both domestically produced cars.

The reason for this complicated relationship must start with the predecessor of Wuling Motors. Wuling Motors was formerly known as Liuzhou Wuling Tractor. Later, it wanted to enter the automobile industry, but it did not have an automobile production license. Under the coordination of the State-owned Assets Supervision and Administration Commission of the Guangxi Autonomous Region, SAIC Group obtained the shares of Wuling Tractor, and Wuling obtained the qualification to produce automobiles, so SAIC-Wuling was born.

At this time, the Wuling buns sold by SAIC-Wuling were extremely popular, making General Motors of the United States jealous, so they proposed to invest in SAIC-Wuling by exchanging technology for shares. In view of the backward technology at the time, SAIC agreed without much thought. In 2002, SAIC-GM-Wuling Company was established, and then exchanged shares for technology. Currently, SAIC Group holds 50.1 shares, General Motors holds 44 shares, and Wuling Motors holds 5.9 shares.