MG Motor to set up regional base in Budapest
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British automotive brand MG Motor will set up its regional base in Budapest to coordinate its expansion in the CEE region, MG Motor Hungary said on Friday, according to a report by state news wire MTI.
The brand's owner, China's SAIC Motor Corporation, which wants to reposition it in Europe, established the Dutch-based MG Motor Europe in 2019. Since then, the brand has been distributed in 17 countries and there are more than 400 MG brand dealerships and service points operating in the region.
From September, MG models, including gasoline, diesel, and plug-in hybrid cars, will be distributed by 15 brand dealerships in Hungary.
In the first complete year, sales are expected to reach 1,500-2,000 units in Hungary, MG Motor Hungary said.
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