Chinese car manufacturers more and more interested in the European car market. As we can see, in recent months, the number of Chinese manufacturers that have started selling their models in some countries of the Old Continent has gradually increased.
In addition, some brands are also planning to establish an industrial presence in Europe with a factory where their cars will be produced. It is in connection with this that the news comes that SAIK announced his desire open your own factory in the Old Continent.
Apparently, the Chinese automaker already working on a location where its new plant in Europe will be built. According to reports, electric vehicles will be produced at this production site.
This plant will be very important to SAIC’s growth plans in Europe. The company is currently the largest Chinese automaker, as well as the largest exporter of vehicles among all automakers in China. In particular, through the acquisition of MG, it gradually expanded its presence in the Old Continent.
According to the automaker, its overseas sales could exceed 1.2 million units in 2023.. Also in the plans launch of more than 10 new models under the MG brand over the next 18 months globally. In the first five months of 2023, MG sold 74,943 vehicles in Europe, up from 32,182 units a year earlier, according to Dataforce data.
With the growth of MG in Europe and with the desire to become more visible outside of China through its other brands, SAIC therefore decided to build its own factory in the Old Continent. Therefore, it remains only to wait for additional information about this project.
Source: HD Motori
Ashley Fitzgerald is an accomplished journalist in the field of technology. She currently works as a writer at 24 news breaker. With a deep understanding of the latest technology developments, Ashley’s writing provides readers with insightful analysis and unique perspectives on the industry.