MG is really SAIC's greatest asset. Despite being totally Chinese (much more so than something like Volvo) many buyers in western countries still link MG to UK and buy it for the nostalgia.
Lol Those state owned behemoths should be disbanded and their huge factories sold to BYD or other more promising cbinese companies with better sales/brand value to aid in their expansion. .I don't see the point of the state getting involved in building cars..leave that to private companies and focus on more important sectors. The state shoyld just be regulating the car industry and encouraging local champions..no point in them wasting resources to build cars which are not in demand and with zero brand value. It's a waste.
Yes but China is different. China has other more promising and innovative car companies who will be the biggest car brands in the world this coming decade, especially ones like BYD Li Auto etc..So letting those old incompetent state owned auto companies to fail will only allow those big private Chinese car brands to pick up the slack and fill the vacuum and provide them even more space to grow. That will be filled by private car companies who are more intense with changing world trends and technology and building theirnown brand value. Those state owned behemoths are behind the times and have no incentive to even build.their own brand, they have been relying on western to brands to make easy quick money and its hard to change that..afterall who doesn't like easy money?
Why create such chaos in the market when the government can just let the market decide whether those SOEs are competitive with their products?
Govt should do that by not bailing out nio, xpeng, saic or dongfeng.
they'll be fine being parts suppliers and OEMs to BYD, Geely, Li Auto, etc. in the future. Dongfeng also has its own branded commercial vehicles.