News
SAIC MG 07 to begin pre-sales on July 29, targeting young EV buyers
1+ hour, 6+ min ago (434+ words) SAIC Motor's (SSE: 600104) MG brand announced that its all-new coupe sedan, the MG 07, will begin pre-sales in China on July 29. A poster released by MG on Monday positions the MG 07 as a "pure-blooded intelligent coupe for young people," signaling that…...
SAIC MG to build its first European auto plant in Spain to dodge tariffs
1+ mon, 3+ day ago (496+ words) The MG unit of SAIC Motor (SSE: 600104), one of China's largest automakers, will build its first European Union auto plant in Spain, consolidating its position in the European market. MG announced on Tuesday that its first production plant on the…...
Stellantis, Dongfeng strike $1. 18 billion deal to produce Peugeot and Jeep models in China
1+ mon, 3+ week ago (658+ words) Stellantis NV has reached an 8 billion yuan ($1. 18 billion) agreement with China's state-owned Dongfeng Motor to expand the production of Peugeot and Jeep vehicles in China for both domestic and export markets. The Dongfeng Peugeot Citro'n Automobile (DPCA) joint venture is…...
Geely to acquire Ford Spain facility for European EV expansion, report says
1+ mon, 4+ week ago (331+ words) Chinese auto giant Geely Auto (HKG: 0175) has reached an agreement to acquire the Body 3 assembly line at Ford Motor's Almussafes plant in Valencia, Spain, Spanish media outlet La Tribuna de Automoci'n reported Tuesday. By taking over the currently inactive facility,…...