# SAIC automotive investment in Spain > Live situation record from CLSTR: https://clstr.news/situations/saic-automotive-investment-in-spain > Updated: 2026-09-17T13:14:04.000Z. Sources: 3. Developments: 2. The Spanish government has introduced a new regulatory framework designed to accelerate large-scale industrial investments through a Strategic Investment Committee. This system aims to limit the total decision-making process to four months, reducing bureaucratic delays for major projects. A primary focus of this streamlined approach is the proposed establishment of a vehicle factory by Chinese automaker SAIC in the port of Ferrol. The project, which includes an industrial and logistics hub in As Pontes, involves an estimated investment of approximately 200 million euros. If approved, the facility is expected to produce 120,000 vehicles per year, potentially including the MG brand and Maxus vans, while creating roughly 2,300 jobs by 2028. Regional leaders in Galicia have expressed hope for authorization from the Council of Ministers before the end of the year. While the project is being developed alongside planned offshore wind energy developments in the ports of A Coruña and Ferrol, officials clarified that SAIC has not received funding from the Electric and Connected Vehicle PERTE. ## Timeline ### 2026-09-17: SAIC automotive plant in Ferrol awaits Spanish government authorization Galician President Alfonso Rueda expects the Spanish government to authorize SAIC's €200 million vehicle assembly plant in Ferrol by the end of 2026. 2 sources. https://clstr.news/cluster/saic-automotive-plant-in-ferrol-awaits-spanish-government-authorization ### 2026-09-15: Spain implements fast-track system for major industrial investments Spain is implementing a fast-track system for major investments, including SAIC's planned 200 million euro automotive plant in Ferrol, which aims to create 2,300 jobs by 2028. 2 sources. https://clstr.news/cluster/spain-implements-fast-track-system-for-major-industrial-investments --- Cite as: SAIC automotive investment in Spain. CLSTR, https://clstr.news/situations/saic-automotive-investment-in-spain