SAIC Motor is considering establishing its first electric vehicle factory in Europe in Spain to produce MG-branded models and sell them in various European markets. According to relevant sources, SAIC Motor is currently discussing with the Spanish Ministry of Industry on the construction of the factory. It is expected that the factory will start production in the fourth quarter of 2027, and the final decision will be made before September 30. Galicia, Cantabria, and Aragon in Spain have expressed their willingness to cooperate, and SAIC Motor is also considering places such as Hungary and the Czech Republic. Spain has two advantages. One is the convenient maritime connection with the United Kingdom, and the other is that Spain is one of the main markets for MG brand. In 2023, MG sold more than 30,000 vehicles in Spain, and the number is expected to increase in 2024.
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