04.01.2025 11:50
The plans of the automotive giant MG to open a factory in Turkey were being closely followed. However, MG's parent company, SAIC, decided not to invest in our country and opted to establish a factory in Egypt instead.
The Chinese car manufacturer MG Motor is preparing to establish a factory in Egypt with an investment of 135 million dollars, which will have an annual production capacity of 100,000 vehicles. This facility will focus on the production of both electric and hybrid vehicles.
THE COMPANY'S INVESTMENT PLANS AND PRODUCTION CAPACITY
MG's factory in Egypt will initially have an annual production capacity of 50,000 vehicles and is planned to be operational in the second quarter of 2026. The production capacity will be increased to 100,000 units with the second expansion phase. The new facility aims to provide employment for approximately 10,000 people, targeting a local content rate of 45%.
A STRATEGIC PRODUCTION CENTER IS EMERGING IN EGYPT
The factory in Egypt will be built on an area of 126,000 square meters and will become a strategic production center for MG. It is stated that the first model to be produced will be the MG5 sedan, while the production of fully electric, hybrid, and plug-in hybrid vehicles is also planned for the future.
EXPORT OPPORTUNITIES BETWEEN TURKEY AND EGYPT WILL INCREASE
Thanks to the collaboration between SAIC Motor and Al Mansour Automotive Group, the production facility in Egypt has the potential to make a significant contribution to the local economy. Additionally, considering the Free Trade Agreement between Turkey and Egypt, this investment is expected to enhance export opportunities to Turkey.