Chinese SAIC Motors’ renowned vehicle brand, MG Cars, achieved its all-time high vehicle sales in 2024, while speculations about a possible investment in Türkiye for a manufacturing factory have been strengthening.
SAIC Motor announced on Jan. 3 that it recorded six consecutive months of growth, with sales reaching 506,000 vehicles in December 2024.
The company’s annual sales totaled 4.639 million units, marking a historic milestone.
MG Cars shine in Europe
SAIC, the producer of strong brands such as MG, IM, Roewe, Rising, Maxus, Wuling and Baojun, also demonstrated impressive performance in the new energy vehicle (NEV) segment. NEV sales grew by 9.9% year-on-year, reaching a record 1.234 million units.
MG became the most preferred Chinese-origin car brand in Europe, surpassing 240,000 units in sales across the continent.
Speculations about possible investment in Türkiye
Dogan Trend Automotive, MG Cars’ distributor partner in Türkiye, recently highlighted SAIC’s interest in establishing a manufacturing factory in the country.
Kagan Dagtekin, CEO of Dogan Trend Automotive, disclosed to Türkiye daily on Jan. 8 that the company had been collaborating with SAIC Motor on the Türkiye factory project for more than a year.
Discussing the progress, Dagtekin stated they would travel to Shanghai at the invitation of SAIC’s senior management to advance the project’s next phase on Jan. 10.
Türkiye’s automotive industry concluded in 2024 with record-breaking sales, driven by strong demand and strategic investments from leading Chinese automakers such as BYD, Chery and MG.
Among them, BYD was the first to confirm an official investment decision, leveraging customs tax benefits to meet its annual sales targets.
