Key facts
- SAIC Motor will build its first EU manufacturing facility in Galicia, Spain.
- The initial investment is 200 million euros ($232 million).
- Construction is scheduled to begin in 2027, targeting operational status by end-2028.
- The plant's full capacity is expected to reach 120,000 vehicles annually.
- The project is anticipated to create over 2,300 jobs in the region.
- Central government approval for foreign direct investment is still required.
Chinese automaker SAIC Motor has announced plans to build its first manufacturing facility within the European Union in Ferrol, Galicia, Spain. The initial investment for the electric vehicle plant is set at 200 million euros ($232 million), with construction slated to begin in 2027 and operations targeted for the end of 2028. The facility is designed to produce MG-brand electric vehicles and related electrified powertrains, with an expected annual capacity of 120,000 vehicles after a second phase of development. The project is projected to generate over 2,300 jobs locally. This move allows SAIC to potentially avoid EU import tariffs on Chinese EVs and establish a manufacturing presence in Europe. Spain is becoming a key location for Chinese automakers, with Chery also planning a factory in Barcelona. The SAIC project requires central government approval for foreign direct investment.