Business

SAIC invests 200 million euros in Ferrol, Spain

Chinese automaker SAIC will invest in Ferrol, raising concerns about national security.

12 August 2026Tagblick Newsdesk

Updated: 12 Aug 2026, 22:01AI-generatedWritten by an AI system, editorially responsible — how we work

Archive photo: SAIC invests 200 million euros in Ferrol, Spain — Archive photoPhoto: North Charleston · Flickr · BY-SA

The Chinese public group SAIC plans to invest 200 million euros in the port city of Ferrol, Spain. This initiative is part of the country's ambition to become a European base for Chinese automakers.

SAIC, which owns the MG brand, could produce 120,000 cars in Ferrol. This strategy aims to circumvent potential tariffs, according to reports from El País.

However, this project raises concerns, particularly regarding national security issues. The proximity of Ferrol to one of Spain's main naval bases adds to these questions.

It is also noteworthy that SAIC achieved record sales during the first half of the year, making it the best-performing Chinese automaker globally in this period.

Authorities and experts continue to assess the implications of this project, emphasizing the need to find a balance between economic investment and collective security.

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