MG Motor to build manufacturing plant, R&D center in Mexico

© Reuters. FILE PHOTO: The logo of MG Motor vehicles, a brand of Chinese state-owned carmaker SAIC, is seen at a car showroom in Santander, Spain, June 13, 2024. REUTERS/Vincent West/File Photo

MEXICO CITY (Reuters) – MG Motor plans to build a manufacturing plant and a research and development center in Mexico, the carmaker said on Wednesday.

The move will allow MG – a formerly British brand now owned by China’s SAIC Motor Corp – “to not only produce vehicles, but to also produce market intelligence specifically designed for and by Latin America,” country head Zhang Wei said in a statement.