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2 clusters · 5 sources · 29 days · First seen · Last updated

SAIC Motor electric vehicle plant in Spain

Overview

SAIC Motor has announced plans to establish its first European manufacturing facility in Ferrol, Galicia, to produce the MG2 electric B-segment city car. The project involves an investment estimated between 196.94 million and 200 million euros.

To mitigate high EU tariffs on Chinese-made electric vehicles, the company intends to use the CKD (completely knocked down) method, importing components from China for assembly in Spain. Production is slated to begin in 2028 with a projected medium-term capacity of up to 120,000 vehicles annually. The initiative is expected to create approximately 2,300 jobs across production and logistics.

As of late 2026, the project is nearing final authorization from the Spanish Council of Ministers regarding the foreign direct investment.

Entities

Ferrol · SAIC Motor · Galicia · Spain · MG Motor

Timeline

  1. [BUSINESS] 3 sources
    SAIC Motor project in Ferrol nears approval as Galicia boosts industrial innovation

    Spain's government is set to approve SAIC Motor's 200 million euro investment for an electric vehicle plant in Ferrol, while Galicia launches a 60 million euro industrial innovation program.

  2. [BUSINESS] 2 sources
    SAIC Motor to produce MG2 electric car in new Spanish plant

    SAIC Motor plans to produce its new MG2 electric city car at a new facility in Ferrol, Spain, starting in 2028 to bypass EU tariffs and establish its first European manufacturing base.

Sources

emmepress.com · galiciapress.es · laopinioncoruna.es · moncloa.com · ocio.farodevigo.es