SAIC to make MG-series sedans in UK, sell in EU by yearend -exec
SAIC Motor Corp, China's biggest automaker, plans to start manufacturing its self-developed MG-series sedan at its U.K. plant and sell the sedans across the European Union by the end of the year, its chairman said on Monday (Jan 25).
"The ideas is to take advantage of the existing MG sales network in the European Union as well as the cost advantage in China," Hu Maoyuan told Reuters on the sidelines of Shanghai's annual People's Political Consultative Conference.
SAIC planned to begin manufacturing its self-developed MG 6 saloon car, based on acquired technology, in its UK plant at the end of this year, SAIC president Chen Hong said in November.
