Chinese company MG is looking to Aragon to set up its electric car factory

Aragon is entering the race to host the electric car factory of the Chinese brand MG, as confirmed this Wednesday by the Chinese ambassador to Spain, Yao Jing, assuring that “there are possibilities”. He did so in the Auditorium of the University of Zaragoza, where a day of scientific and technological cooperation between China and Spain was held. As the destination for this first factory of the company in Europe, Spain competes with Hungary and the Czech Republic.

The ambassador of the Asian giant has pointed out that MG “has not yet made a decision” and has highlighted Zaragoza as a city “very attractive for Chinese companies” with “a very open environment” for negotiations. “Now Chinese companies are very attentive to collaboration with Aragon. It is possible that in addition to MG, other brands are also interested in setting up their factory in the Community,” the ambassador stressed. 

MG, a brand from the province of Shanghai, has established itself in Spain with a more than remarkable evolution in sales. According to the latest data, in 2023 it registered more than 29,000 vehicles, with a year-on-year growth of 320%.

STELLANTIS BATTERY FACTORY STILL UP IN THE AIR 

This news comes at a time when the implementation of the Stellantis battery factory in Aragon is still up in the air, and it could join forces with the Chinese company CATL, as the Minister of Industry, Jordi Hereu, has already hinted at, reinforcing the Asian giant’s interest in the Aragonese territory. 

This is also a key moment in terms of trade tensions between Europe and China, due to the imposition of tariffs on electric cars, a measure to which Spain has shown its opposition. In response, China threatened to increase tariffs on pork exports.