Winner of the 2010 Chinese Investor of the Year Award
SAIC Motor Corporation Limited
China’s largest leading automotive manufacturer, SAIC Motor, spent GBP67 million in 2004 to acquire the intellectual property rights of the vehicles and series of engines from MG Rover. In 2005, the NAC Group, now a wholly-owned subsidiary of SAIC Motor, took over the insolvent assets of MG Rover and continued operations under the new title of MG Motor UK. Since, SAIC has continued to invest in the UK automotive sector, establishing its own R&D facility, the SAIC Motor UK Technical Centre (SMTC UK), which employs over 300 engineers. The company plans to eventually launch SAIC Motors products in the UK as well, provide further support to R&D. The focus for SMTC UK will be to expand the company’s advanced engineering programmes, facilitating a shift from basic vehicle engineering to a more complete process by defining, adapting and developing new technologies.
“Award raised reputation and awareness.
Winning the Chinese Investor of the Year award was not only a great honour for SAIC Motor, but has been extremely beneficial to our subsidiary, MG Motor UK Company.
The coveted award, in recognition of the multi-million pound investment SAIC has made at the MG Birmingham site, was seen as a huge boost of confidence by the 400 people employed in the design, engineering and building of cars here.
It created a huge amount of Press interest and raised the reputation of both SAIC Motor and the modern MG brand. The award is displayed in our MG UK Sales Centre with a photograph of The Duke of York, HRH Prince Andrew, presenting it.
In a further honour, HRH Prince Andrew has visited both SAIC Motor and MG Motor UK.
We are grateful for UKTI’s assistance in our entry to this very important award. “
Zhang Yuli, Executive Director, Cooperation & Legal Affairs Dept.