Sat, Oct 12, 2024

Chinese SAIC Opens Factory in Europe

Chinese SAIC Opens Factory in Europe

Chinese automotive manufacturer SAIC, which has experienced a great rise recently, will open a factory in Europe.

It has been announced that the Chinese SAIC will produce fully electric cars in the factory to be opened in Europe. Incorporating the British brand MG, SAIC grew by 40 percent in the first three months of 2023.

SAIC, which includes brands such as Geely, Great Wall and Wuling, has also increased in exports after the increased demand for automobiles and electric vehicles, especially after the Russia-Ukraine war.

In addition to the factories that currently exist in China, SAIC has manufacturing facilities in Thailand, Indonesia, India and Pakistan.

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