MG plans to build a new plant in Europe to expand production capacity

According to foreign media reports, MG plans to announce the location of its first European factory in the summer, which will have an annual production capacity of 100,000 vehicles. In addition, a second European factory is also under preparation. This strategic decision aims to solve the problem of domestic and foreign demand split, and feed back the technology of overseas hot-selling models to domestic new car research and development, while balancing the allocation of resources at home and abroad.