- MG has announced plans for a new plant in Galicia, Spain.
- Facility will cost $233 million and begin production in 2028.
- Plant will have the capacity to build 120,000 vehicles annually.
MG traces its roots to 1920’s Britain, but the company fell on hard times and eventually went bust. This opened the door for Chinese ownership by SAIC, which continues to this day.
SAIC Motor, like many Chinese companies, has been eyeing European production and now they’re formally announcing plans to open a new MG plant in Galicia, Spain. The facility will cost around €200 ($233 / £173) million and play a key role in MG’s “In Europe, For Europe” strategy.
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The plant is scheduled to begin production in 2028 and will have the capacity to build up to 120,000 vehicles annually. The facility is also expected to create more than 2,000 jobs across the continent.
MG isn’t saying much about the site at this point, but confirmed it will have research and development facilities as well as “advanced manufacturing, core component supply, and intelligent logistics operations.” They added the Galicia plant will lean heavily on localized production and sourcing.
It remains unclear what will be built at the facility, but MG has been on a roll in the United Kingdom, where April sales soared 84.9% to 7,005 units. That put them ahead of a number of big name brands including Honda, Hyundai, Nissan, and Peugeot. MG also bested Renault, Skoda, Toyota, and Vauxhall, among others.
The success isn’t limited to the United Kingdom as MG is “one of Europe’s fastest-growing automotive brands” and they recently celebrated the delivery of their one-millionth vehicle in the Old Continent.
The brand is crediting the success to the introduction of new models such as the MG4 Urban and MGS9, while also pointing out the MGS5 and MGS6 EVs.
