SAIC Motor Corp., China's largest state-owned automaker, is doubling down on overseas expansion with a plan to build an electric vehicle factory in Europe. The company is looking for a site in Europe, Yu De, SAIC managing director of international business, told media Tuesday without providing details. SAIC set up a plan in 2019 to consider local production if annual sales in Europe topped 100,000 vehicles, which they did last year, Yu said.

https://www.caixinglobal.com/2023-07-06/saic-seeks-site-for-electric-car-factory-in-europe-102072775.html

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