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SAIC, Baosteel to set up R&D lab to cut car weight

SHANGHAI, Sept 20 (Reuters) - Top Chinese automaker SAIC Motor Corp and Baosteel will jointly build a lab to research and develop new steel products to make cars lighter, SAIC said in a statement on Monday.

Baosteel, also known as Baoshan Iron & Steel, is the country's biggest steelmaker, and supplies almost half of auto sheets to domestic automakers.

SAIC is the Chinese partner of General Motors [GM.UL]. (Reporting by Ruby Lian and Jacqueline Wong)