What is the relationship between MG and Roewe?
1 Answers
MG and Roewe belong to the same company. The following is relevant information about Roewe and MG: 1. Roewe: Roewe is an automobile brand under Shanghai Automotive Industry Corporation (Group), launched in October 2006. The technology for the cars under this brand originates from Rover, which was previously acquired by SAIC, but SAIC did not acquire the 'Rover' brand. On October 12, 2006, SAIC Motor Corporation Limited officially announced that its own brand would be named 'Roewe'. 2. MG: On July 22, 2005, Nanjing Automobile Group Co., Ltd. successfully acquired British MG Rover and its engine production division. In April 2007, SAIC Motor Corporation Limited (SAIC Group) fully acquired Nanjing Automobile Group, thereby becoming the new owner of the MG brand.