MG will first produce the new-generation MG5 model in Egypt, with the local plant having an initial annual capacity of 50,000 units.
MG Motor, a subsidiary of SAIC Motor, plans to launch local production in Egypt as it pushes ahead with efforts to expand into overseas markets.
MG signed a strategic cooperation technical agreement with Egyptian multinational conglomerate Mansour Group on December 29, officially launching a project to assemble local vehicles for the brand, SAIC said in an announcement yesterday.
The agreement was signed in the presence of Egyptian Prime Minister Mostafa Madbouly, as well as SAIC executives.
MG will produce the new generation MG5 model in a brand new factory of Mansour, according to the announcement.
In the future, SAIC will introduce more SUVs and new energy vehicle (NEV) models in Egypt, including battery electric vehicle (BEV) models, and hybrid models.
The production capacity of the facility is planned to be 50,000 units per year initially, and is expected to reach 100,000 units per year when the second phase of the project comes into production.
SAIC is committed to sourcing more than 45 percent of the components for the vehicles produced at the facility from local Egyptian suppliers, it said.
The plant has an 8,000-square-meter body shop, a 12,000-square-meter paint shop, and a 10,000-square-meter final assembly shop.
It also has an administrative office building and a 5,000-square-meter warehouse.
In August, MG announced plans to build a manufacturing plant and R&D center in Mexico to support its expansion in Latin America.
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