MG Motor, a subsidiary of SAIC Motor, has announced plans to begin local production in Egypt, marking a significant step in its global expansion strategy. The company has signed a strategic cooperation technical agreement with Egyptian conglomerate Mansour Group to assemble vehicles for the MG brand in Egypt.
The agreement, signed in the presence of Egyptian Prime Minister Mostafa Madbouly and SAIC executives, paves the way for the production of the new-generation MG5 model in Egypt. The new factory, owned by Mansour Group, will initially have an annual capacity of 50,000 units, with plans to increase production to 100,000 units per year in the future.
In addition to the MG5 model, SAIC aims to introduce more SUVs and new energy vehicle (NEV) models in Egypt, including battery electric vehicle (BEV) and hybrid models. The company is committed to sourcing over 45 percent of the components for the vehicles from local Egyptian suppliers, supporting the growth of the local economy.
The state-of-the-art facility includes an 8,000-square-meter body shop, a 12,000-square-meter paint shop, and a 10,000-square-meter final assembly shop. It also features an administrative office building and a 5,000-square-meter warehouse, ensuring efficient operations and production processes.
This move follows MG’s announcement in August to establish a manufacturing plant and R&D center in Mexico as part of its expansion into the Latin American market. With a focus on local production and strategic partnerships, MG is strengthening its presence in key global markets and enhancing its competitiveness in the automotive industry.
Overall, MG’s foray into local production in Egypt underscores its commitment to sustainable growth and innovation, providing customers with high-quality vehicles tailored to their needs and preferences. As the company continues to expand its global footprint, it is poised to drive future growth and success in the rapidly evolving automotive landscape.
