General Motors has revealed the first model to be released under its new ‘Baojun’ brand for the Chinese domestic market.
The Baojun 630 saloon is the result of GM's joint venture with Chinese firms SAIC and Wuling (known as SGMW), the firms working together to launch a "new brand of affordable passenger vehicles that will be sold across China".
The car's name means ‘treasured horse’, but it is in fact a compact four door saloon, set to reach dealers in the first half of 2011, with prices starting at a rumoured £4500.
Its styling is reminiscent of GM's Chevrolet Cruze and although no details of powertrain have been mentioned by the company, it does meet Euro 4 emissions standards, as well as all local regulations.
GM is now selling more vehicles in China than in the US and the company hopes to increase its sales further with its new budget brand.