MG makes internal combustion engine vehicles as well as electric and hybrid models.
Reuters reported earlier this year that pressure from United States authorities had led the Mexican government to refuse to offer incentives to Chinese electric vehicle manufacturers planning to invest in Mexico. United States presidential candidate Donald Trump has pledged to impose heavy tariffs on cars manufactured in Mexico by Chinese companies if he returns to the White House next January.
The announcement by MG — a company established in the United Kingdom in 1924 and acquired by state-owned Chinese company SAIC Motor Corp in 2007 — comes after major Chinese electric vehicle manufacturer BYD confirmed in February that it will open a plant in Mexico. BYD Americas CEO Stella Li said that the company’s Mexico plant will only make vehicles for the Mexican market, not for export to the United States or other countries.
Zhang said that the decision to establish an MG/SAIC plant in Mexico demonstrates “our commitment to stay and prosper” in the Mexican market and “our dedication to our customers and the country.”
He said MG’s aim is to “make Mexico a pole for growth and expansion for SAIC Group and MG Motor in Latin America and the Caribbean.”
Zhang also said that MG stablemate IM (Intelligent Mobility) is planning to sell its premium electric vehicles in Mexico.
With reports from El Financiero, El Economista, Reuters, El CEO and AS
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Publish date : 2024-08-08 10:42:00
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