Source: International Business Times
Chery International Executive Vice President Zhang Guibing delivers a speech in Barcelona after signing an agreement with Spanish group Ebro-EV Motors in Barcelona that will see the creation of a joint venture to assemble Chinese cars in Spain AFP Chinese carmaker Chery signed a deal Friday to produce mainly electric vehicles in Spain, as Beijing's auto sector pushes ahead with plans to expand into Europe despite growing competition concerns. It is the second Chinese carmaker to set up in Europe after China's top electric carmaker BYD said in December it would build a factory in Hungary. Chery's move into Spain comes as the European Union is investigating whether Chinese electric vehicle makers benefit from unfair government subsidies.
