KONTAN.CO.ID - BARCELONA. China's Chery Auto has signed a joint venture deal with Spain's EV Motors to produce cars at its first factory in Europe, EV Motors and the Catalan regional government said on Tuesday. Cars will be produced later this year at a plant that Japanese carmaker Nissan shut down in 2021, helping to recover some of the 1,600 direct jobs lost as a result. Chery, the junior partner in the joint venture, will start producing its Omoda vehicles at the plant first, while majority stakeholder EV Motors will start producing its own vehicles in the fourth quarter, the Spanish company said.
China's Chery to Open Its First European Manufacturing Site in Spain
KONTAN.CO.ID - BARCELONA. China's Chery Auto has signed a joint venture deal with Spain's EV Motors to produce cars at its first factory in Europe, EV Motors and the Catalan regional government said on Tuesday. Cars will be produced later this year at a plant that Japanese carmaker Nissan shut down in 2021, helping to recover some of the 1,600 direct jobs lost as a result. Chery, the junior partner in the joint venture, will start producing its Omoda vehicles at the plant first, while majority stakeholder EV Motors will start producing its own vehicles in the fourth quarter, the Spanish company said.