SAIC plans to build a factory in Europe

Chinese automakers are looking more and more to the future. interest in the European car market. As we have seen, in the last few months it has been the case; the number of Chinese manufacturers who have begun to market their models in some countries of the Old Continent has gradually grown.

Furthermore, some brands are also planning to establish an industrial presence in Europe with a factory where to produce their cars. Precisely in this regard, the news arrives that SAIC has announced its willingness to to build his own factory in the Old Continent.

THE FIRST DETAILS OF THE PROJECT

Apparently, the Chinese car manufacturer is already in the market. working to identify the place where it will be; built its new factory in Europe. According to reports, electric cars will be built at this production site.

This establishment will be; very important for SAIC's growth plans in Europe. The company is today the largest Chinese car manufacturer and is the largest Chinese automaker. even the most largest vehicle exporter among all automakers in China. In particular, thanks to the acquisition of MG, it has gradually expanded its presence in the Old Continent.

The automaker has estimated that its foreign sales could exceed 1.2 million units in 2023. In addition, he plans to launch more than one year. of 10 new models with the MG brand in the next 18 months globally. According to data from Dataforce, MG sold 74,943 cars in Europe in the first five months of 2023, compared to 32,182 units in Europe. of the previous year.

With the growth of MG in Europe and with the willingness to to be more of a protagonist outside the borders of China through its other brands as well, SAIC has therefore decided to build its own factory in the Old Continent. All that remains, therefore, is to wait for more information on this project.

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