SAIC Motor Plans First EU Car Plant in Spain's Galicia
Chinese automaker SAIC Motor plans to build its first European Union car factory in Spain's northwestern region of Galicia, with an initial investment of approximately €200 million ($232 million). The project, which includes a logistics hub, has been granted strategic priority by Galicia's regional government. Construction is expected to start next year and the plant could become operational by 2028, pending central government approval for foreign direct investment. The facility, located in the port of Ferrol, is projected to create about 1,000 direct jobs and additional indirect employment, using many locally produced components. The announcement was made by Galicia's leader Alfonso Rueda on Monday.
Key facts
- SAIC Motor plans its first EU car plant in Galicia, Spain
- Initial investment of around €200 million ($232 million)
- Project includes a logistics hub
- Construction expected to start next year, operational by 2028
- Plant to be located in the port of Ferrol
- Expected to create about 1,000 direct jobs
- Will use many locally produced components
- Requires central government approval for foreign direct investment
Entities
Institutions
- SAIC Motor
- Galicia regional government
- Spanish central government
Locations
- Spain
- Galicia
- Ferrol
- European Union