From an official Koenigsegg pressrelease today:
"Statement regarding BAIC Koenigsegg Group made an announcement at 12:15 today Today Koenigsegg Group announced that they have entered into a Memorandum of Understanding with Beijing Automotive Industry Holdings Co. Ltd. (BAIC), the aim of which is that BAIC will acquire a non-controlling minority stake in Koenigsegg Group. Importantly this partnership means that Koenigsegg Group does not need any further governmental financing and it opens up further opportunities for the new Saab in the Chinese market. Jan Åke Jonsson, Managing Director of Saab Automobile said: "This is really good news for Saab. It brings us one step closer to creating a stand alone company, and a relationship with BAIC opens up a lot of opportunities for Saab in China, one of the most expansive markets in the world"