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MG Motor belongs to State-owned Assets Supervision and Administration Commission of the Shanghai Municipal People's Government through MG Motor UK Limited → SAIC Motor Corporation Limited → Shanghai Automotive Industry Corporation (Group). MG Motor is owned by State-owned Assets Supervision and Administration Commission of the Shanghai Municipal People's Government, headquartered in China. No. The ultimate owner of MG Motor, State-owned Assets Supervision and Administration Commission of the Shanghai Municipal People's Government, is headquartered in China, not in the United States.
SAIC Motor is a Chinese state-owned multinational automotive design and manufacturing company headquartered in Shanghai. It is one of the largest automakers in China and a Fortune Global 100 company.
MG Motor UK Limited
Sources: savvyiq.ai, hkexnews.hk
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