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General Motors has reached an agreement with one of its primary Chinese partners, Shanghai Automotive Industries Corp. (SAIC), on the joint development of powertrains for small vehicles.

Following an explosion of interest from new, entry-level car buyers in China, General Motors and joint venture partners Shanghai Automotive Industry Corp. (SAIC) and Wuling Motors have announced the creation of the Bajoun brand. The new brand will focus on passenger cars that slot in beneath current offerings from the JV. Specifically, Bajoun will offer models that are expected to come in below the $8,000 mark. The brand will offer vehicles that feature their low ownership costs and high efficie