Chery to expand its vehicle production capacity in Europe

Chery Automobile plans to grow its conveyance accumulation successful Europe done a caller concern with an existing conveyance manufacturer, according to a Reuters study citing apical executives astatine the company.

The Chinese automaker has already invested successful a erstwhile Nissan assembly works successful Barcelona, Spain, done a associated task with section automotive institution Ebro. The institution aims to nutrient 200,000 vehicles annually astatine this installation by 2029.

Chery is present understood to beryllium looking for a caller spouse successful Europe, with the purpose erstwhile again of making usage of existing surplus accumulation capableness to grow its manufacturing basal successful the region. This strategy helps trim up-front concern costs, by providing the institution with readily disposable conveyance accumulation infrastructure.

Chery’s chairman, ​Yin Tongyue, told reporters astatine a caller motorboat lawsuit for the company’s Omoda and Jaecoo brands successful France that the institution “prefers to usage existing accumulation capableness alternatively of ​investing heavy successful a caller assembly plant. I anticipation we volition person ​news to stock with you successful the coming months.”

Lionel Keogh, Chery’s main commercialized serviceman for France, told reporters connected the sidelines of the lawsuit that Chery “is looking for different accumulation capacities successful ‌Europe,” adding that the institution is presently holding confidential talks with a fig of European automakers without disclosing immoderate names, saying lone that France is connected the database of imaginable accumulation locations.

Chery is 1 of a increasing fig of Chinese automakers to person entered the European conveyance marketplace successful the past fewer years, putting unit connected existing manufacturers’ volumes. Last year, the institution saw its European income surge much than sixfold to implicit 120,000 vehicles.

"Chery to grow its conveyance accumulation capableness successful Europe" was primitively created and published by Just Auto, a GlobalData owned brand.

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