{"id":88970,"date":"2024-12-31T00:00:00","date_gmt":"2024-12-31T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/12\/31\/al-mansour-auto-saics-usd-135-mn-mg-manufacturing-plant-to-go-live-in-2026\/"},"modified":"2024-12-31T00:00:00","modified_gmt":"2024-12-31T00:00:00","slug":"al-mansour-auto-saics-usd-135-mn-mg-manufacturing-plant-to-go-live-in-2026","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/12\/31\/al-mansour-auto-saics-usd-135-mn-mg-manufacturing-plant-to-go-live-in-2026\/","title":{"rendered":"Al Mansour Auto, SAIC\u2019s USD 135 mn MG manufacturing plant to go live in 2026"},"content":{"rendered":"

Fresh details on Al Mansour\u2019s EV manufacturing plant: <\/strong>Al Mansour Automotive and Chinese state-owned SAIC will invest some USD 135 mn into setting up their Egyptian facility for the manufacture of SAIC-owned brand MG vehicles, according to a cabinet statement<\/a>. The factory will mainly produce the MG5 Sedan model, but Al Mansour has future plans to begin manufacturing four-wheel drive vehicles and EVs, according to a separate statement<\/a>. <\/p>\n

Land + licenses secured: <\/strong>Egypt\u2019s Transport Ministry inked a land usufruct agreement with Al Mansour Auto, granting it a 126k sqm plot in New October City for its factory. SAIC also inked an agreement granting Al Mansour Auto the technical license to produce MG cars in Egypt. <\/p>\n

The details:<\/strong> The factory will have a production capacity of 50k units annually during its first phase and its production capacity is set to double during its second phase. The project is set to kick off production in 2Q 2026 and will have a local component ratio exceeding 45%. <\/p>\n

A confirmation after weeks of unconfirmed reports: <\/strong>The news follows weeks of unconfirmed reports regarding the partnership, the factory<\/a>, and the land usufruct agreement<\/a>. Last we heard, the annual production capacity and the land allotments for the factory were much lower than the official announcement, with 15k units for production and 21k sqm for the factory\u2019s area. <\/p>\n

A long time coming: <\/strong>The two have been working together<\/a> for some time now, with Al Mansour securing the rights to be MG\u2019s exclusive distributor in Egypt back in 2018. Just a year after this, we first heard about Al Mansour Automotive\u2019s plans to produce MG-badged vehicles in partnership with MG Motor parent company SAIC.<\/p>\n","protected":false},"excerpt":{"rendered":"

The factory is set to kick off production in 2Q 2026 will have a local component ratio exceeding 45%<\/p>\n","protected":false},"author":1,"featured_media":88971,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[103],"tags":[40,102,11,64],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-88970","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-electric-vehicles","tag-egypt","tag-electric-vehicles","tag-enterpriseclimate","tag-evs","wpautop","entry"],"acf":{"mongo_id":"16cc5003-ab75-458e-afbe-b6420a5bc86c","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/12\/2497.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Al 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