The Chinese group SAIC has chosen the Galician city of Ferrol to establish its first electric vehicle plant in Europe. Thus, the automotive company will land in Galicia with a factory of its MG brand for which an investment of up to 200 million euros is planned. As explained this Monday by the president of the Xunta, Alfonso Rueda, the factory will have facilities in the outer port of Ferrol and in the municipality of As Pontes. The plant is expected to be capable of producing 120,000 vehicles per year.

MG continues to focus on affordable electrified SUVs as a strategy to conquer ever more segments of the European market. The British-born Chinese brand now presents the brand-new MGS5, a 4.47-meter-long SUV that positions itself just above the current MG4.

For some years now, Chinese brands have been landing in Europe. Unlike traditional manufacturers from the Old Continent and the United States, Chinese brands are relatively unknown in the West, so the large industrial conglomerates of the Asian giant have chosen to acquire names from traditional European manufacturers to revive them and revive the former splendor of their name, as in the case of the brand. On other occasions, however, Chinese brands propose new names with local reminiscences, as in the case of Ebro, or directly imported from China, as in the case of Omoda or BYD.