Spain

SAIC Accelerates Europe Push With Spain EV Plant

SAIC Motor plans to build its first EU factory in Spain’s Galicia region, investing about €200 million in a new MG-focused new-energy vehicle plant with eventual annual capacity of 120,000 units and roughly 1,000 direct jobs. The move highlights how Chinese EV makers are shifting from exports to deep localization in Europe, even as China expands rural NEV support and Tesla adjusts strategy in the US with certified pre-owned Cybertruck sales.