JAKARTA - Morris Garage (MG) and Mansour Group through its subsidiary Mansour Mobility & Manufacturing (MMM) signed a cooperation agreement to invest in building a car production plant in Egypt.
Quoting from the Carnewschina page, Thursday, January 2, later the first model to be assembled is the latest generation MG5 which is also present in China, and will gradually assemble the SUV and New Energy Vehicle (NEV).
Mansour Mobility & Manufacturing (MMM) itself has signed a land lease contract with the Egyptian Land and Dry Port Public Authority, to plan and build a modern car manufacturing plant in the Industrial Estate, and will be built starting October 6.
In the first phase, the plant will have an annual production capacity of 50,000 vehicles, then a double increase to 100,000 vehicles in the second phase to reach a localization rate of more than 45 percent.
Later, the factory will also have a body repair shop covering an area of 8,000 square meters, a paint workshop of 12,000 square meters, an assembly of 10,000 square meters, as well as supporting facilities such as administration and a warehouse covering an area of 5,000 square meters.
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As mentioned above, the latest generation of MG5 itself launched in China last September. For the local market, the car is priced from 81,900 to 95,900 yuan or around Rp. 182-213 million.
The new MG5 offers two machine options, 1.5L and 1.5T. The 1.5L engine naturally aspirationed has a maximum power of 95 kW (127 hp) and a peak torque of 158 Nm, combined with CVT transmission. The highest speed reaches 180 km/hour.
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