SAIC says MG Ecu plant ‘will govern to raised prices’

BE desk

The rising gross sales warning introduced by way of Chinese language automakers in Europe has noticeable business our bodies name for upper price lists on imports to offset one of the most aggressive disadvantages Ecu carmakers face in the community, together with upper power costs.

Wang then again mentioned SAIC’s resolution to create in the community used to be now not a political one. “We are businesspeople. We do not think too much about the political dimension,” he mentioned.

The announcement from SAIC that it is going to create a Ecu web page will probably be a amusement to Ecu automakers, who will really feel that they may be able to compete on price if the Chinese language corporate has a manufacturing unit in a Ecu nation.

MG has in part grown so rapid on account of its aggressive costs, particularly at the MG4, which begins at 28,590 euros in Germany in comparison to 39,995 euros for the Volkswagen ID3 with homogeneous specs.

Ford’s head of passenger automotive category in Europe, Martin Sander, lately advised Car Information Europe that he used to be now not anxious about festival from China in Europe as Ford strikes to promoting handiest electrical cars in Europe.

“I am strongly convinced the moment the Chinese want to scale in Europe, they will also produce locally. And then I do not see why we should not be competitive with any other company,” he mentioned.

Searching for manufacturing unit web page

SAIC will assemble a call on the place to find the plant inside two or 3 years, Wang mentioned. Which nation remains to be below analysis, he mentioned. “We need to check energy costs, labor costs … everything to find out which country is best. We need a very detailed calculation,” Wang mentioned.

The U.Okay., MG’s greatest Ecu marketplace, is one choice, Wang showed. SAIC nonetheless owns the Longbridge, Birmingham, plant that used to be a part of the latest MG Rover sale in 2005, to start with to Nanjing Car and therefore to SAIC. Then again, the meeting fields have been leveled in 2021 as a part of a plan to redevelop the web page for housing.

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