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MG’s parent company wins major investment award

MG Motor UK’s parent company, SAIC, has won a major award for investing in Britain.

The coveted Chinese Investor of the Year award is in recognition of the multi-million pound investment SAIC has made at MG Birmingham where 400 people are employed designing, engineering and building cars.

HRH Prince Andrew presented the award to SAIC Motor’s Executive Director of Strategic Planning, Mr Cheng Jinglei, at a VIP gala dinner in Shanghai to mark the British Business Award 2010 winners.

The award acknowledges that SAIC can “best demonstrate strong growth, innovative strategies and market leadership” in establishing a business in the UK.

Recently a new MG Global Design Centre was opened on the Birmingham site, which also houses the huge SAIC UK Technical Centre. This development phase at MG Birmingham, including new engine testing facilities now being built, amounts to more than £5-million.

These two centres of excellence are designing and engineering a range of new MG models which will be launched in China and the UK. The British team also design Roewe models which are only on sale in China.

Further investment is being made in the manufacturing area of MG Motor UK where the new MG6 – the first all-new MG to be launched in Britain in15 years – will be built. Total capital investment by SAIC at the MG Birmingham site amounts to £45-million.

William Wang, Managing Director of MG Motor UK, said: “This important award shows how committed SAIC is to the future of our Birmingham operation.

“A very substantial investment has been made here and the award is also a reflection on all the hard work that everyone here has made. We will build on our success and we are looking forward to a range of MG cars being made here in the future.”

SAIC is the biggest automotive company in China where it sold 2.72 million vehicles in 2009. China has now become the largest car market in the world where a total of more than 13.6-million cars were sold last year compared with 2-million in Britain.

The Shanghai Expo 2010 Chinese Investor of the Year Award is jointly sponsored by UK Trade & Investment and the UK Pavilion at Shanghai World Expo 2010.
 

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