Chinese automaker SAIC is reportedly set to make a significant investment in Spain, opting to build a massive electric car plant in the European country instead of Hungary. The decision is a major coup for Spain, which has been actively courting foreign investors to boost its economy. The SAIC plant is expected to be one of the largest of its kind in Europe, creating thousands of jobs and cementing Spain's position as a key player in the global electric vehicle market. The move is also a blow to Hungary, which had been vying for the investment and had offered significant incentives to secure the project.
China’s SAIC to Pick Spain Over Hungary for Electric Car Plant Bloomberg.com
