Shanghai Automotive Industry Corp. (SAIC), who acquired MG-buyer Nanjing Auto in early 2008, will launch its new concept car MG3 to the Chinese market for around 60,000 yuan ($8,800) in September this year.

The MG3 Concept car has been showcased as the “MG Zero Concept car” at the 2010 Beijing Auto Show in April, and is now codenamed the ZP11 inside SAIC, according to the automaker.