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China's SAIC plans first EU car plant in Spain's Galicia
🇨🇳 China /Economy & Trade

China's SAIC plans first EU car plant in Spain's Galicia

From South China Morning Post · () English

Translated from English, summarized and contextualized by DistantNews.

At a glance

News Named sources New plan
  • Chinese automaker SAIC Motor plans to establish its first EU production facility in Spain's Galicia region.
  • The project, which includes a logistics hub, is expected to involve an initial investment of around €200 million.
  • The factory, owned by SAIC's MG brand, aims to create about 1,000 direct jobs and could begin construction next year, becoming operational in 2028.

Chinese automotive giant SAIC Motor intends to build its first car manufacturing plant in the European Union within Spain's northwestern Galicia region. The regional government announced that the project has been given strategic priority, with an estimated initial investment of approximately €200 million (US$232 million).

The proposed facility, which also includes a logistics hub, requires approval from the Spanish central government for foreign direct investment. SAIC Motor owns the MG brand, which is popular in Europe and focuses on electrified powertrains. The planned factory is situated in the port of Ferrol.

According to the Galician government, the plant is projected to generate around 1,000 direct jobs and a significant number of indirect employment opportunities. It is also expected to utilize many locally sourced components. If all necessary approvals are secured, construction is slated to commence next year, with the factory anticipated to become operational by 2028, as stated by Galicia's leader, Alfonso Rueda.

had given strategic priority to the project

— Alfonso RuedaGalicia's leader Alfonso Rueda stated the regional administration's prioritization of SAIC Motor's planned car factory.
DistantNews Editorial

Originally published by South China Morning Post in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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