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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 read

· Last updated: April 25, 2026

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China's SAIC Motor plans EV factory in Spain, Bloomberg News reports
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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

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

Who 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.
Has 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.
What type of vehicles will the proposed Spain factory produce?
The factory is expected to manufacture electric vehicles.
Where did the report about SAIC Motor's plans originate?
The report was published by Bloomberg News, citing people familiar with the matter.
Can the report about the SAIC Motor factory be independently verified?
Reuters was not able to independently verify the report about the planned factory.

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