25/06/2008 23:56. SHANGHAI, Jun 25, 2008 (SinoCast China Transportation Watch via COMTEX) -- SAIUF | Quote | Chart | News | PowerRating -- Shanghai Automotive Industry Corp. (Group) (SAIC), a leading automotive group in China, launched SW, a new model in the MG 3 Series, on June 23 in Shanghai, East China.

It has been the first proprietary product that the Shanghai-based auto giant has released after merging Nanjing Automobile (Group) Corp., a rival located in Nanjing, an eastern city close to Shanghai.

The model, with four versions priced between CNY 79,800 and CNY 109,800, is aimed mainly at young drivers. With a British heritage, it features individuality and urbanized SUV functions.

As an A0-class two-compartment model, it is expected to compete head-to-head with such products as Polo by Shanghai... // Trading Markets