Is the MG 6 a domestic or joint-venture car?
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MG is originally a British car manufacturer, but it was later acquired by SAIC (Shanghai Automotive Industry Corporation). The design and production of MG cars now take place domestically in China, making the MG 6 a genuine domestic car. The definitions of domestic and joint-venture cars are as follows: 1. Domestic cars: These are vehicles designed and manufactured by Chinese companies, possessing independent intellectual property rights and bearing Chinese brands. Examples include Geely, Great Wall, BYD, and Chery. 2. Joint-venture cars: These are produced through cooperation where the Chinese side contributes by providing land, factory usage rights, and capital, while the foreign investors supply the brand, technology, capital, and talent. Joint-venture cars are the result of such collaborations. The foreign partners provide technology, talent, and brand for assembly within China, but the core technology remains under foreign control. Examples include Buick, Toyota, and Honda.