Chinese state-owned automaker Beijing Automotive (BAIC) has submitted an indicative, non-binding offer for Opel, sources familiar with the situation were quoted as saying on Friday.

Go deeper with GlobalData

Go deeper with GlobalData

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


It planned to make a binding offer by the middle of July, one of the sources told the Reuters news agency. GM Europe declined to comment.


Some reports suggest the Chinese firm, with no international autos experience, is focused on obtaining technology.


Canada’s Magna is frontrunner to buy Opel though some doubts have been expressed that the deal will be concluded. RHJ International is also in the running.

Just Auto Excellence Awards - Nominations Closed

Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Neonode has won the Innovation Award for Driver Monitoring Software for its camera-based, MultiSensing®-powered solution that delivers precise hands-on-wheel detection, regulatory-ready safety performance and low-footprint integration. Discover how Neonode is redefining driver monitoring, UX and compliance for next-generation semi-autonomous vehicles.

Discover the Impact