Finance
China's Saic Motor Plans Ev Factory in Spain, Bloomberg News Reports
Published by Global Banking & Finance Review®
Posted on April 24, 2026
1 min readLast updated: April 24, 2026
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SAIC Motor’s MG unit is reportedly planning to build its first European electric vehicle factory in Spain, with negotiations underway and a final decision expected by end-September 2024; production could begin in Q4 2027.
SAIC Motor Considers Establishing Electric Vehicle Factory in Spain
SAIC Motor's MG Unit Eyes European Expansion
Plans for a New Electric Vehicle Factory
April 24 (Reuters) - China's SAIC Motor's MG unit plans to set up a European factory in Spain that will make electric vehicles, Bloomberg News reported on Friday, citing people familiar with the matter.
Status of the Decision
The decision has not been finalized, the report said.
Verification and Reporting
Reuters could not independently verify the report.
(Reporting by Ruchika Khanna in Bengaluru; Editing by Shilpi Majumdar)
Key Takeaways
- •SAIC (via MG) is evaluating Spain—specifically Galicia—as the site for its first European EV factory, amid EU negotiations and tariff pressures (itbear.com)
- •The move is largely driven by high EU import duties on Chinese EVs—SAIC/MG faces some of the steepest tariffs at around 37–38% (cnevpost.com)
- •If confirmed, the plant is slated to begin production in the fourth quarter of 2027, with SAIC targeting a decision by September 30, 2024 (itbear.com)
References
Frequently Asked Questions about China's SAIC Motor plans EV factory in Spain, Bloomberg News reports
1Who is planning to open an EV factory in Spain?
China's SAIC Motor, through its MG unit, is reportedly planning to set up an electric vehicle factory in Spain.
2Has the SAIC Motor EV factory in Spain been finalized?
No, the decision to open the factory has not yet been finalized according to Bloomberg News.
3What type of vehicles will the proposed Spain factory produce?
The factory is expected to manufacture electric vehicles.
4Where did the report about SAIC Motor's plans originate?
The report was published by Bloomberg News, citing people familiar with the matter.
5Can the report about the SAIC Motor factory be independently verified?
Reuters was not able to independently verify the report about the planned factory.
