SAIC Motor Signs Strategic Agreement with Mansour Group for MG Vehicle Production in Egypt
Beijing (Gasgoo)- SAIC Motor, a leading Chinese automaker, has recently entered into a strategic technical cooperation agreement with Egypt’s Mansour Group to commence local production and assembly of MG-branded vehicles in Egypt.
Signing ceremony; photo credit: SAIC Motor
SAIC Motor has been actively pursuing its internationalization strategy by expanding its presence in over 100 countries and regions. In 2023, the company’s overseas sales reached 1.2 million vehicles.
As part of the collaboration, Mansour Group will start production of the next-generation MG5 sedan at its new factory in Egypt. Future plans include manufacturing SUVs and new energy vehicles like battery-electric vehicles (BEVs), hybrid electric vehicles (HEVs), and plug-in hybrid electric vehicles (PHEVs).
Photo credit: SAIC Motor
Under the agreement, Mansour Manufacturing and Mobility (MMM), a Mansour Group subsidiary, has secured a land lease agreement with the General Authority for Land and Dry Port Logistics Zones. The new plant will be located in the 6th of October Industrial Park with an initial capacity of 50,000 vehicles per year, expanding to 100,000 vehicles in the second phase.
The factory will aim for a localization rate of over 45% and will feature a modern layout, including an 8,000-square-meter body shop, a 12,000-square-meter advanced paint shop, a 10,000-square-meter general assembly shop, along with ancillary facilities like an administrative building and a 5,000-square-meter warehouse.
