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2 clusters · 9 sources · 5 days · First seen · Last updated

SAIC Motor electric vehicle expansion

Overview

SAIC Motor is expanding its electric vehicle operations across Europe and South America. In Spain, the company plans to establish a manufacturing facility in Ferrol, Galicia, to produce the MG Go, an affordable electric supermini. Production is expected to begin in 2028, initially assembling kits imported from China to mitigate EU import tariffs on Chinese-made electric vehicles. The facility is projected to have an annual capacity of up to 120,000 units.

Simultaneously, SAIC is entering the Brazilian market with the introduction of IM Motors, a premium brand. The brand will utilize existing MG dealership structures to launch high-performance models, such as the IM6 electric SUV.

Entities

Spain · SAIC Motor · Brazil · Galicia · Ferrol

Timeline

  1. [BUSINESS] 2 sources
    SAIC Motor expands European and Brazilian electric vehicle operations

    SAIC Motor is expanding its global EV footprint by planning a new production plant in Spain for the MG Go and launching the premium IM Motors brand in Brazil with the IM6 electric SUV.

  2. [BUSINESS] 7 sources
    MG to produce electric Go supermini in new Spanish factory

    MG plans to produce its upcoming MG Go electric supermini at a new SAIC-owned factory in Ferrol, Spain, starting in 2028 to compete with the Renault 5 and Mini Cooper.

Sources

autogear.pt · cretaone.gr · diariomotor.com · drive.gr · forbes.com.br · rentokil.com · siol.net · tecnoandroid.it · tuningblog.eu