China’s SAIC plans to build first EU car plant in Spain’s Galicia

China’s SAIC Motor plans to set ⁠up a car ⁠factory in Spain’s ⁠northwestern region of Galicia that would be its first production facility in the European Union, the regional government said on Monday. Galicia’s leader Alfonso Rueda said his administration ‌had given strategic priority to the project, with an initial investment envisaged at around €200 million (US$232 million). The project, which includes a logistics hub, still requires the central government’s approval for foreign direct...