Reducing Activities: company scaling back some business operations while continuing others

Stay Scaling Back

SAIC Motor Corporation is a Chinese state-owned automobile manufacturer.

Reducing Activities: company scaling back some business operations while continuing others

Stay Scaling Back
Glob.Revenue, mln.USD
105273

MG Motors (SAIC) was not officially presented in the Russian Federation until February 2022 and is not presented at the moment (January, 2024), which confirms the press release on the page of the official distributor of MG in Ukraine.

The Company Statement
July 24, 2023

MG Motor is a brand of cars produced by the SAIC corporation. It is represented on many world markets and is actively developing in continental Europe, with the exception of Russia. The MG4 EV will be launched in Russia. According to reports, the launched model will be the all-wheel drive version of the top-end XPower configuration with a selling price of 5,300,000 rubles (approximately 389,000 yuan).

December 26, 2024MG4 EV officially enters the Russian market with a selling price of 5,300,000 rubles
March 23, 2022Geely questions future in Russia despite opening for China’s carmakers
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