 Composed of the Chinese characters "Róng" and "wēi", which roughly mean "glorious power", the name is a transliteration of "Rover", although SAIC has stated that it is derived from "Löwe", the German word for lion.Loewe, pronounced much like Roewe by Chinese speakers, is also the name of a Spanish manufacturer of luxury leather goods.SAIC purchased technology relating to the Rover 75 and Rover 25 after the 2005 collapse of MG Rover, and the Roewe marque first appeared on a version of the 75, the Roewe 750.