Chery Focuses On Spanish Factory As Export Center Around The World

Jaecool 7. (Doc. Chery International)

Chery, an automotive manufacturer from China has announced the acquisition of Nissan's former factory in Barcelona, Spain as its first assembly facility in Europe. This is the result of a joint venture with local company EV Motors.

The manufacturer said the plant would become one of the export centers for the entire world by producing 150,000 vehicles per year in 2029.

"After we reach sufficient production scale, we will plan exports across Europe and other countries, making it one of Chery's main export facilities around the world," said Executive Vice President Chery Guibing Zhang, quoted by Reuters, Monday, April 22.

In the construction of this factory, Chery and EV Motors invested 400 million euros and will employ up to 1,250 workers. The company from China plans to start production by the end of next summer and will take the initiative to employ 150 former Nissan workers.

This facility will partly be handed over to makers of Spanish electric motorcycle Silence and local group QEV and EV Motors, which plan to turn it into an electric vehicle hub.

EV Motors itself acquired the company's full control of the hub in March, and has played an important role in talks with Chery.

The Omoda model will be the first car to be assembled at the plant, while EV Motors will start its own vehicles in the fourth quarter of this year. Currently, Omoda 5 is available for purchases in Spain at a price of 29,900 euros (around Rp517 million).

In addition to Omoda, a manufacturer based in the city of Wuhu, China will present the Jaecool 7 model which will also be assembled locally in the matador country. Meanwhile, EV Motors will launch the EBRO brand.