Shanghai (Gasgoo)- Recently, SAIC’s new factory in Chon Buri, Thailand was officially put into operation. SAIC invested a total of 1 billion dollars and its annual capacity can be up to 100,000 units, to provide an important manufacturing base for MG to target global youngsters’ market.
Currently, MG ZS, MG GS and MG 3 are very popular in Thailand market with the cumulative sales volume in the previous eleven months growing 37.4% year on year. The operation of new factory responds to national “the Belt and Road Initiative” and accelerates the internationalization process of MG brand, thus starting a new era for SAIC.
Data shows that MG brand sold 10,596 units in Thailand during the previous eleven months. Since the entry of MG 6 into Thailand market in 2015, MG has achieved a compound growth rate of over 200% in just three years’ time.
SAIC’s Chon Buri factory will further accelerate MG ZS’s quick response on Thailand market. It’s predicted that sales of MG brand will grow more than 50% with the total sales exceeding 12,000 units in Thailand by 2017. After the complete construction in 2018, the factory will be a new manufacturing base with an annual capacity of 100,000 units for MG brand.
MG ZS, the domestic first Internet SUV for youngsters, also hit Thailand market in November. Thailand becomes the second nation launching Internet vehicle across the globe, following China.
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