Finance

SAIC Motor to build a car manufacturing plant in Tunisia

Wednesday, 05 September 2018 18:55

(Ecofin Agency) - Yesterday September 4, 2018, the Chinese car manufacturer SAIC Motor and the Tunisian group Meninx Holding signed an agreement to set a plant in Tunisia for African and European markets.

This agreement was signed in Pekin during the Forum on China-Africa Cooperation (FOCAC) in the presence of Youssef Chahed, head of Tunisia’s government. According to the terms of this agreement, the group will be specialized in the manufacturing of the Morris Garage (MG) branded cars.

Under the leadership of Mehdi Tamarziste, Meninx Holding is already distributing MG cars in Tunisia.

With 6.6 million cars sold in 2017, SAIC is the leading car manufacturer in China. It owns 23% of the country’s market thanks to its brands Roewe and MG as well as joint ventures with Volkswagen and General Motors. In March 2018, it announced that it would set an assembly plant in Egypt.  



 
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