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Beijing Automotive Industry Holding Co. Ltd. detailed its interest in General Motors Corp.'s (GMGMQ) European unit Adam Opel GmbH - it wants to get its hands on the U.S. automaker's technologies, including alternative drive trains.

BAIC said in a document outlining a takeover offer that access to GM's advanced technology was the "key driver" for its bid.

According to the document, GM would have to "license all alternative propulsion technologies (i.e. hybrid, fuel cells)" to Opel, including the new company's planned Chinese operations.

BAIC plans to invest $2.25 billion in Opel in China to ramp up production there by 2015. It wants to expand production in China to 485,000 Opel cars by that date and plans to build a network of 400 dealerships by then, according to the document. The document, which was reviewed by Dow Jones Newswires, is addressed to GM, dated July 2 and signed by BAIC Chairman Heyi Xu.

BAIC is offering EUR660 million in equity for a 51% stake in Opel, with GM retaining a 49% stake.

"Industrialization of a developing country such as China needs to have access to intellectual property. This is a top priority for the Chinese government, which has mandated selective industry leaders such as (BAIC) to invest into overseas companies possessing extensive (intellectual property), advanced technology, and a strong (research and development) team," BAIC said in the document.

BAIC's bid is aimed at outpacing Canadian auto supplier Magna International Inc. (MGA) in the race for Opel.

Magna is the front runner to clinch the deal with GM after it signed in May a non-exclusive memorandum of understanding to acquire a majority stake in Opel and British brand Vauxhall as part of a bid backed by Russia's Sberbank Rossia (SBER.RS) and automaker OAO GAZ Group (GAZA.RS).

As part of its offer, BAIC plans to establish a holding company for Opel in Germany and would require EUR2.64 billion in state-guaranteed loans.

BAIC would cut 7,584 staff in Europe, with Germany accounting for 3,018 of those jobs, which is less than GM had outlined under its own viability plan.

The Chinese company said it would contemplate closing only Opel's Belgian plant in Antwerp, but would keep the company's German plants. It would, however, idle Opel's German plant in Eisenach for two years and resume production there in 2013 with the small Corsa model.

Company Web site: www.opel.de

-By Beate Preuschoff and Christoph Rauwald, Dow Jones Newswires; +49 69 29 725 512; christoph.rauwald@dowjones.com