SAIC planning to build MG vehicles in Thailand

Article by Christian Andrei, on December 10, 2012

There will be a new 50,000-unit assembly plant in Thailand to be established by SAIC Motor Corp., the owner of the British MG sports-car brand. The plant will be set up together with the Charoen Pokphand Group to assemble MG cars for sale in Southeast Asia. According to an SAIC statement, the initial investment by SAIC and CP Group in the joint venture will be 1.8 billion yuan ($289 million).

It plans to start auto sales in 2014. A 51%-share of the venture goes to the Shanghai automaker while CP gets the rest. SAIC said that the partners intend to increase the annual capacity for the plant to 200,000 units. No time frame was given. According to the Web site, a total of 90,035 MG and Roewe vehicles were sold through June 2012.

SAIC has invested in plants outside China as it aims to expand outside of its home market, where it builds passenger vehicles through joint ventures with General Motors Co. and Volkswagen Group. Since 2009, China has been the biggest trading partner with the Association of Southeast Asian Nations.

SAIC acquired control of the MG brand via a merger with Nanjing Automobile Group Corp., which purchased the British brand and other assets for 604 million yuan in 2005 after UK group MG Rover Group Ltd., collapsed. In 1924, MG was founded near Oxford, quickly getting famous for its two-seater sports cars such as the MGA, Midget and MGB, which ended production in 1980 after the company was purchased by the precursor of Rover Group as the UK car industry consolidated.

Topics: mg, thailand, production

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

Nearly a decade after Opel and sister brand Vauxhall introduced the Insignia large family car, these companies are now getting ready to unveil the second generation of this offering from...
by - December 7, 2016
After we caught a glimpse of the revamped Amarok, VW Australia once again wants to give its ute a sinister look inspired by the Mad Max movie franchise. The “Korama”...
by - December 7, 2016
Customers in the European market are known for leaning towards style and with this in mind, Nissan has revealed the special LEAF Black Edition. While the production run of this...
by - December 7, 2016
When Volkswagen unveiled the VW Atlas, it declared that this SUV is being developed for the United States and is set to arrive as a 2018 model. It also unveiled...
by - December 7, 2016
Did you miss the opportunity to get a brand new Dodge Viper? Well, here’s something you don’t want to miss. Dodge has announced a “final call” for orders for its...
by - December 6, 2016
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries