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last mo.

MG Reaffirms $1.05 Billion Mexico Plant Plan as It Launches in Argentina With Hybrid Lineup

The SAIC-owned marque is using electrified lineups to pursue rapid regional share via a distributor model.

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MG Cyberster
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El MG3 Hybrid costará menos de u$s23 mil

Overview

  • MG confirmed its Mexico factory project is proceeding under SAIC’s China offices, with site and timeline still undisclosed.
  • Executives ruled out acquiring Nissan’s CIVAC facility in Morelos, indicating a preference to build new capacity rather than buy an existing plant.
  • MG formalized its Argentina entry with Eximar and began sales with the ZS Hybrid+ priced at $27,500, backed by six-year vehicle and seven-year hybrid-system warranties.
  • A day later MG added the MG3 Hybrid at $23,500, with the Argentine portfolio to expand to the MG4 EV and the Cyberster roadster, leveraging tariff breaks for electrified imports.
  • Clarín reported import filings for initial volumes—2,209 ZS, 1,400 MG3 and 165 MG4—while Eximar readies 10 dealerships as MG targets sustained growth, including a 4% share in Mexico.