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MEXICO CITY (Reuters) -MG Motor plans to construct a producing plant and a analysis and improvement heart in Mexico, the carmaker stated on Wednesday.
The transfer will enable MG – a previously British model now owned by China’s SAIC Motor Corp – “to not solely produce autos, however to additionally produce market intelligence particularly designed for and by Latin America,” nation head Zhang Wei stated in an announcement.
The agency didn’t element how a lot it deliberate to speculate, nor did it give a timeline for the development.
MG’s sister model IM, a luxurious electric-vehicle line, additionally plans to enter the Mexican market, MG stated.
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