MG Motor, a subsidiary of SAIC Motor, has revealed plans to commence local vehicle production in Egypt, furthering its global expansion efforts. The announcement follows the signing of a strategic cooperation technical agreement with Mansour Group, a multinational conglomerate, on December 29. The agreement, which was formalized in the presence of Egyptian Prime Minister Mostafa Madbouly and senior SAIC executives, marks the official launch of the project.
Under the terms of the agreement, MG will produce the new generation MG5 model at a newly constructed factory in Egypt, built by Mansour Group. “This partnership signifies a key milestone in MG Motor’s strategy to increase its footprint in overseas markets,” said an SAIC spokesperson. The factory is initially designed to produce 50,000 vehicles annually, with plans to double its production capacity to 100,000 units per year in the second phase of the project.
The facility will also support the future introduction of various models, including SUVs and new energy vehicles (NEVs) such as battery electric vehicles (BEVs) and hybrids. In a move to promote local industry, SAIC has committed to sourcing more than 45 percent of the vehicle components from Egyptian suppliers. The plant itself will cover a significant area, with an 8,000-square-meter body shop, a 12,000-square-meter paint shop, and a 10,000-square-meter final assembly shop, along with additional warehouse and office space.
MG’s expansion into Egypt comes on the heels of its plans for a manufacturing plant and R&D center in Mexico, as the company looks to strengthen its presence in the Latin American market.
