South China Morning Post
AsiaPac · 3 hrs ago
✦ 78✓ Factual
China’s SAIC plans to build first EU car plant in Spain’s Galicia
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China's SAIC Motor plans to establish its first European Union car manufacturing plant in Spain's Galicia region, with an initial investment of approximately €200 million and pending central government approval for foreign direct investment.
China’s SAIC plans to build first EU car plant in Spain’s Galicia
China’s SAIC Motor plans to set up a car factory in Spain’s northwestern region of Galicia that would be its first production facility in the European Union, the regional government said on Monday.
Galicia’s leader Alfonso Rueda said his administration had given strategic priority to the project, with an initial investment envisaged at around €200 million (US$232 million).
The project, which includes a logistics hub, still requires the central government’s approval for foreign direct...
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