SAIC’s MG Motor plants to build a manufacturing plant and an R&D centre in Mexico.
Zhang Wei, president of MG Motor Mexico, said the operation, alongside producing vehicles, will “also produce market intelligence specifically designed for and by Latin America,” Reuters reported.
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There was no indication of how much the firm wanted to invest or what the construction timeline was.
MG Motor said its plant would aim to “make Mexico a [base] for growth and expansion for SAIC Group and MG Motor in Latin America and the Caribbean,” Reuters added.
In April, it was reported Mexico was under pressure from the US to keep Chinese automakers at arm’s length. Mexican officials said they would not offer incentives like previous ones given to automakers in the past such as tax cuts for EV investments.
At the time, Mexican officials said they would be pausing any future meetings with Chinese automakers, Reuters reported.
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