US EditionSpain Readies to Welcome Another Chinese Car Factory: Report
10 Articles
10 Articles
With the new plant, the company will be able to minimize the impact of EU tariffs
SAIC Motor, China’s state-owned MG company, will set up its first car factory in Europe in Spain, Bloomberg news agency reports this Friday.
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SAIC, the parent of the Chinese brand of vehicles, MG, has chosen Spain for its next factory of electric vehicles, as Bloomberg has been informed by knowledgeable sources of the matter. The Chinese manufacturer breaks with the tendency to opt for a European automotive center located in Hungary, considered a logistic axis for the European engine. Budapest was the second option, given that in recent decades it has positioned itself as an investmen…
Spain Readies to Welcome Another Chinese Car Factory: Report
SAIC Motor‘s MG brand is planning to establish a factory in Spain to produce electric vehicles, Bloomberg reported on Friday. The decision has not been finalized, sources told the outlet, stating that key details — including investment size, production capacity, and timing — are still being determined and could change. An assembly plant in Spain would allow the company to reduce exposure to the European Commission tariffs on Chinese EVs entering…
The Chinese company SAIC Motor plans to establish in Spain its European factory to produce electric vehicles, in a decision that would leave out the Hungarian alternative and that would help the manufacturer to mitigate the effects of European Union tariffs, as reported by the Bloomberg portal. Read more: KIA's dart to Chinese brands: "There are now many on the market; they will not all be in two, three or five years' time" However, the decision…
The car giant is betting on Spain before Hungary to install its first factory in Europe. Spanish and Galician authorities have long promoted the PLISAN and the port of Vigo as the basis for the factory.
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