SAIC

The plant would aim to make Mexico a pole for SAIC Group and MG's growth and expansion in Latin America and the Caribbean, MG said.

MG will make a decision by September 30, targeting the fourth quarter of 2027 to produce its first vehicle at the European plant, according to a report in Spanish media outlet Europa Press.

The Binguo EV is now available in four variants in China with a starting price of RMB 56,800 ($7,810).

IM Motors' first EREV model will be an SUV, which will be launched in the first quarter of 2025, according to local media.

Deliveries of the regular variants of the IM L6 will begin at the end of May, while deliveries of the variant with semi-solid-state batteries are expected to begin in October.

Baojun will accelerate product launches based on its new Tianyu architecture, with plans to release a cumulative total of four new models this year, including today's two.

IM Motors claimed that the IM L6 is the first sedan in China with crab walk capability and will be powered by solid-state batteries to give a range of more than 1,000 kilometers.

A video shared by IM Motors shows the IM L6 completing a driverless moose test at 71 km/h with no one in the car.

The IM L6 will be built on a quasi-900 V high-voltage platform and will be the industry's first to feature ultra-fast-charging solid-state batteries in a production vehicle, IM Motors co-CEO said.

The joint venture plans to launch a new product, including NEVs, every three to six months starting this year, with two new products to be launched this year.