MG Motor to invest US$1.05 billion in Mexico

MEXICO - The Chinese-British automaker MG Motor has announced a significant investment of US$1.05 billion to establish a manufacturing plant in Mexico, as part of its new phase of growth in Latin America.

This phase, called “MG 2.0,” will position the Mexican market as the core of the brand's expansion in the region, according to Zhang Wei, president of MG Motor Mexico, during an event commemorating the company's fourth anniversary in the country.

The manufacturing plant will have a production capacity of 100,000 units per year and will be built with an investment of US$450 million in infrastructure and US$500 million in equipment.

Although MG Motor has not yet disclosed a construction start date or its exact location, the facility is shaping up to be a cornerstone of the brand's supply strategy, not only for Mexico, but also for other Latin American markets.

“Mexico is not only consolidating its position as the second most important market worldwide for the SAIC Group, but is also becoming the driving force behind a new era of growth and development throughout Latin America,” said MG Motor Mexico's CEO.

With the goal of expanding its coverage to 34 countries in the region by 2025, MG Motor envisions Mexico becoming a key production center.

Nava emphasized that the strategic plan includes assembling popular models in the region, such as SUVs and sedans, to meet the growing demand of the Latin American market.