China's SAIC will build a plant in Egypt and start producing the low-cost MG5 sedan there
SAIC, which owns the MG brand, signed an agreement with Egypt's Mansour Group on 29 December to invest $135 million to build a new car plant in Egypt. This facility will initially produce the MG5 sedan, and will then start producing SUVs and "new energy" vehicles, i.e. electric vehicles (EVs) and plug-in hybrids (PHEVs).
Here's What We Know
Mansour Mobility Manufacturing (MMM), a subsidiary of Mansour Group, has been awarded a plot of land for a new plant in the newly built 6th of October Industrial Park. The plant is expected to have an annual production capacity of 50,000 vehicles in the first phase. The second phase envisages expansion to 100,000 cars per year and a production localisation level of up to 45%.
The new plant will have its own 8,000m2 body shop, 12,000m2 paint shop, 10,000m2 assembly shop, as well as auxiliary buildings, administrative office buildings and a 5,000m2 indoor warehouse.
MG5
In China, the next-generation MG5 debuted in September 2024 with three trims and prices ranging from 81,900 to 95,900 yuan ($11,200 to $13,100). This model (pictured below) is a 4,715mm long sedan with a wheelbase of 2,680mm.
Two 1.5-litre petrol engines are available for the Chinese market: an entry-level version with 95 kW (127 hp) and a turbocharged version with 133 kW (178 hp). The former is fitted with a CVT transmission, the latter with a 7-speed dual-clutch transmission (DCT).
Source: Carnewschina
