Largest Chinese automaker to build first factory in Europe
- July 6, 2023
- 0
SAIC Motor, China’s largest automaker, said it will set up its first factory in Europe after car sales on the continent soared. As reported by Ukrinform, the BBC
SAIC Motor, China’s largest automaker, said it will set up its first factory in Europe after car sales on the continent soared.
As reported by Ukrinform, the BBC reported it.
A SAIC spokesperson said the Chinese company is still “looking for a location in Europe and has finalized other details of the project”.
He also added that SAIC has not yet decided whether MG models will be produced at the factory.
With roots spanning more than a century, the MG was manufactured in the UK until production moved to China in 2016.
The company noted that in the first three months of the year, automobile sales outside of China rose 40%.
The MG automobile brand accounts for the majority of the company’s sales abroad, while the number of cars sold in Europe more than doubled in the same period.
As reported by Ukrinform, multinational car manufacturing company Stellantis has unveiled its new FIAT 600e electric car.
Photo: BBC
Source: Ukrinform
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