Is MG a joint venture?
3 Answers
MG was originally a British brand but is now a domestic car. Here is more information about MG: 1. MG was founded in 1924 in Oxford, UK, and has set 43 world speed records. It is now ranked 39th among the world's top 500 companies. In 2007, it was acquired by SAIC Motor. 2. Current MG models in production include the MG7 series, MG6 series, MG3 series, MG-TF sports car, pure electric MG EZS, and MG eHS series. The MG production line was transformed from the original British Rover production line, and the engines are largely based on the original British Rover K-series engines, with some modifications and adjustments made domestically.
I've been a car enthusiast since childhood, and I remember MG was once a symbol of British glory. Later, it faced a crisis and was acquired by Nanjing Automobile and SAIC. Now, it is wholly owned by SAIC Group and is no longer a joint venture. Joint ventures usually refer to Sino-foreign joint ventures, but MG is 100% Chinese-owned. After SAIC took over, it invested heavily, relocated factories to China, and launched new models like the MG ZS and MG5, blending British style with modern design elements, significantly improving quality. Production in China lowered costs, making the cars more affordable for ordinary families, leading to a surge in market sales. This transformation story showcases the strength of China's automotive industry, with the reborn brand attracting global attention. I've test-driven an MG, and the handling and interior exceeded my expectations—it's bound to get even more popular in the future.
I just bought an MG SUV last year, and it's been quite a worthwhile drive. MG is now a wholly-owned brand of SAIC, entirely produced in China, so it's not a joint venture. SAIC has factories in Nanjing and Shanghai, using local supply chains to control costs, making the cars affordable but well-equipped—for example, the MG HS comes with intelligent driving assistance. As a daily driver, I find maintenance simple and parts easy to find, more hassle-free than some joint-venture cars. This model allows MG to quickly launch new electric models like the MG4, offering high value for money and appealing to young people. I recommend friends consider it because it blends British design genes with Chinese affordability, delivering both comfort and prestige on the road.
