Financial News

MG Makers Set Sights on Establishing Manufacturing Plant in Europe

SAIC Motor, the Chinese company that owns the MG Car brand, has announced that it plans to set up a vehicle manufacturing facility in Europe. This was after its sales on the continent surged. This new facility will produce EVs only. However, the Chinese-owned company revealed that the company hadn’t yet made a decision about whether their MG vehicles would also be produced at this new production facility.

MG cars, a brand that dates back more than a century, were initially produced within the United Kingdom until operations shifted in…

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NOTE TO INVESTORS: The latest news and updates relating to Mullen Automotive Inc. (NASDAQ: MULN) are available in the company’s newsroom at https://ibn.fm/MULN

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