SAIC’s MG Picks Spain for €200 Million European Car Plant to Blunt EU Tariffs
Updated
Updated · Bloomberg · Jun 1
SAIC’s MG Picks Spain for €200 Million European Car Plant to Blunt EU Tariffs
2 articles · Updated · Bloomberg · Jun 1
Spain will host MG’s first European car factory, giving SAIC a local production base as the Chinese automaker seeks to reduce the impact of EU tariffs.
€200 million is the initial planned investment for the site in northwestern Spain, excluding port fees, according to the local government.
120,000 vehicles a year is the plant’s expected capacity, with operations scheduled to begin in 2028.
The project marks a strategic manufacturing shift by SAIC as Chinese carmakers expand production inside Europe to protect sales from trade barriers.
Can a Chinese factory in Spain become 'European' enough to dodge the EU's next wave of trade barriers?
Are Chinese takeovers a lifeline for Europe's auto plants, or a Trojan horse for the industry?