BAIC Motor Co is scheduled to list next year, probably overseas, said Xu Heyi, president of the Beijing Automotive Industry (Holding) Group (BAIC), during the World Economic Forum in Dalian, China.

BAIC Motor Co, one of the four subsidiaries of BAIC, is founded in 2010. It included prime assets of BAIC such as Beijing Hyundai, the new energy company, and the BAIC self brands "Beijing".

Since 2009, BAIC has been making strides in its self brand development, after it acquired Saab, the Swedish company sinking into bankruptcy.

The first high-end car C70, based on the Saab platform acquired, will roll off the line by the end of this year, Xu said.

"Chinese auto companies have been copying from foreign counterparts for years, with little original designs and technologies, that's why we cannot make major breakthrough in international markets," Xu said.

To circumvent this issue, BAIC is recruiting a large crew of talents from Europe, where marquee names like Volkswagen, Daimler and Bosch were born.

Another subsidiary of BAIC, Beiqi Foton Motor, has established an overseas development center in Stuttgart, Germany.

"We can buy advanced equipment easily with money, but it is almost impossible to buy cutting-edge technologies with cash; we have to develop by ourselves so as to break our cheap image," Xu said.