MG readies the construction of EV battery plant with the foundation stone laying ceremony for NEW ENERGY INDUSTRIAL PARK At least a 500-million-baht investment in the first phase of the project

Groundbreaking Ceremony Picture

1. Mr. Gong Zheng, Mayor of Shanghai (6th from left)

2. Mr. Yang Xin, Minister Counselor of Chinese Embassy in Thailand (5th from left)

3. Mr. Chen Hong, Chairman of SAIC Motor Corporation Ltd. (5th from right)

4. Mr. Thanakorn Seriburi, Chairman of Board of Directors, SAIC Motor-CP (4th from left)

5. Mr. Zhao Feng, President of SAIC MOTOR-CP (1st from left)

Bangkok – 1 May 2023 – SAIC Motor-CP and MG Sales (Thailand), manufacturer and distributor of MG cars in Thailand, organize a foundation stone laying ceremony for the NEW ENERGY INDUSTRIAL with a roadmap to transform the 75-rai factory space into partnership development areas for car parts and a battery manufacturing plant in response to the electric vehicle trend. With the investment budget of 500 million baht, the plan reaffirms the company’s vision as the pioneer and the leader in electric vehicles in Thailand.

SAIC Motor-CP was established to produce and distribute MG cars sold in Thailand and other ASEAN countries. The factory is located in the WHA Eastern Seaboard Industrial Estate 2 (WHA ESIE 2) in Chon Buri. Spanning across the area of over 437.5 rais, the manufacturing facility has a maximum production capacity of 100,000 units per year. At present, over 300 rais of the entire area is being used as the General Assembly Shop, the Paint Shop, and the Body Shop with robotic-assisted production technology to enhance the efficiency of the manufacturing and quality control as well as to ensure safety throughout the production process. The environmentally-friendly technology also reduces energy usage and pollution. Besides production, the area also serves as a warehouse for spare parts for all MG models.

Of the other 137.5 rais, 75 rais will be further developed and turned into the NEW ENERGY INDUSTRIAL for the production of electric vehicles in the future. The area will comprise a factory facility for the development of battery modules, the production line for MG electric vehicles and the area for partnership development of MG car parts. Furthermore, there will also be a container storage area and a new logistics warehouse to ensure better capacity and to reduce logistics-related costs.

Mr. Zhao Feng, President of SAIC Motor-CP, said “The main goal of China’s THE BELT AND ROAD Initiative is to create a strategic collaboration for economic development between China and other countries alongside to stipulate policies in support of the development of large-sized projects. Thailand’s Eastern Economic Corridor (EEC) has become one of the country’s significant industrial area development projects with the objective to bring Thailand’s industry to the international level. The EEC is also considered the country’s important strategic development. With that said, SAIC MOTOR CORPORATION and Charoen Pokphand Group joined hands for the establishment of SAIC Motor-CP in February 2013 for the domestic production of MG cars. With great support from stakeholders, MG has become one of the favorite choices among Thai customers with over 180,000 MG cars currently on Thai roads. In the past few years, MG — as Thailand's pioneer and leader in electric vehicles — has followed the country’s economic development roadmap under the Bio-Circular-Green (BCG) Model. A national framework over the period of 2021 to 2026 as stipulated by the Thai government, the BCG economic model for sustainable development is the new economic theory that integrates the development of 3 core pillars: Bio economy, Circular Economy, and Green Economy. To elevate Thailand’s automotive industry to the global level and follow the national EV industry policy, MG has become an EV brand that sees the highest ownership volume and offers the best variety of EV products in the country’s EV market. And in order to enhance our products, create new experiences and bring cutting-edge technology to Thai customers, the company decided to establish the NEW ENERGY INDUSTRIAL PARK with support from SAIC MOTOR CORPORATION and Charoen Pokphand Group, the NEW ENERGY INDUSTRIAL PARK spans across the area of 75 rais and will enable domestic production of MG EV core auto parts to kick off the SAIC-CP 2.0 era.”

The NEW ENERGY INDUSTRIAL PARK is divided into three phases of construction, the first phase of which will be completed and put into use in October 2023, and the first phase investment of this NEW ENERGY INDUSTRIAL PARK is at least 500 million Thai baht.

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About MG

Established in 1924, MG or Morris Garages is an iconic British brand steeped in tradition dating back more than 90 years. To date, MG is owned by SAIC. MG’s design, function and technical centres are located in Birmingham, England. MG is a British brand which incorporates cutting-edge European engineering technology and enjoys synergistic support from SAIC in the form of global sourcing, automotive components supply chain, quality control management and other services. MG is best known for its world-renowned two-seater MGB roadster which was introduced in 1962. Today, MG produces passenger cars for world-wide distribution.

About MG Thailand

Founded in 2013, MG Sales (Thailand) Co., Ltd is the Sales, Marketing, and After-sales services arm for the MG brand in Thailand. MG Sales (Thailand) Co., Ltd oversees dealer networks and is both a joint venture and business unit of the Charoen Pokphand Group (CP) and SAIC. Shanghai Automotive Industry Corporation (SAIC) is one of the world’s largest integrated automotive companies, while Charoen Pokphand Group (CP) is one of Thailand largest conglomerates. Both CP and SAIC operate the state-of-the-art SAIC Motor-CP Co., Ltd manufacturing facility which assembles the iconic MG vehicle, to serve both domestic and ASEAN markets. SAIC Motor-CP Co., Ltd, the manufacturer of MG vehicles, is located at the WHA Eastern Seaboard Industrial Estate 2 - WHA ESIE 2 in Chonburi.

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