So Who Are SAIC NAC MG?????

Introduction to SAIC (Shanghai Automotive Industry Corporation) and SMTC (Shanghai Motor Technical Centre).

Shanghai Automotive Industry Corp. Group (SAIC) is one of the leading automotive groups in China. It is engaged in the manufacture and distribution of passenger cars, buses, tractors, motorcycles, heavy-duty trucks and automotive components. SAIC became a member of the Fortune Global 500 list of companies on July 12, 2004.

The main businesses of the corporation include R&D, manufacturing and sales of vehicles (passenger vehicles, commercial vehicles) and parts (including power train, chassis, electronic and electric parts) that are closely related with vehicle development, as well as the auto financial business that is closely related with the auto industry.
In recent years, guided by its corporate values, SAIC has sped up its growth and reached new highs in sales. It sold more than 1.05 million vehicles in 2005, of which more than 740,000 were passenger cars, and realized consolidated revenue of $14.37 billion. In 2008, it is predicted to manufacture in excess of 2.7 million vehicles.

At the end of 2004, SAIC restructured itself and established SAIC Motor Corp. Ltd. Since the transformation, SAIC has been defining its role as a comprehensive investment corporation engaged in advanced manufacturing and modern service.

SAIC produces its own brand saloon vehicles under the Roewe badge and has a 51% stake in Ssangyong Motors. It also has successful joint ventures with GM producing vehicles under the Cadillac, Buick, Chevrolet, Saab, Opel, Acdelco and SGMW badges as well as with VW, producing the Octavia, Polo, Passat, Touran, Santana and Santana3000.

SMTC UK Limited (Shanghai Motor Technical Centre, UK) is based at Leamington Spa in Warwickshire. It is a wholly owned subsidiary of SAIC Motor, whose parent company is Shanghai Automotive Industry Corporation, China’s largest automotive manufacturing company. SMTC UK currently employees approximately 120 engineers and designers, with a further 150 contractors, and provides engineering and design skills for MG and Roewe

On December 25th 2007, SAIC signed a memorandum of understanding with rival automotive manufacturer, Nanjing Automobile Corporation (NAC), the oldest motor manufacturing firm in China. In April 2008 the two companies merged, with SAIC becoming NAC’s parent company. NAC has a European base at Longbridge, England, manufacturing the MG sports car brand and in September 2008 they will become the first Chinese manufacturer to successfully launch a vehicle into the European market when the MG TF LE500 sports car went on sale.