Business & EconomyAutomotive
SAIC Motor to Build $232M Plant in Spain, Dodging EU Tariffs
Chinese automaker SAIC Motor will invest €200M in a Spanish plant for its MG brand, bypassing EU tariffs of 45.3% on Chinese-made EVs.
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Chinese automaker SAIC Motor will invest €200M in a Spanish plant for its MG brand, bypassing EU tariffs of 45.3% on Chinese-made EVs.
SAIC Motor delivers its 100-millionth vehicle in Shanghai, becoming China's first automaker to reach the milestone and reshaping the global auto industry.