Electric car, China’s Chery is about to sign an agreement with the best European brand on platforms

Chinese car manufacturer Chery is about to sign a deal with a famous European brand to share and collaborate on one of its platforms. The president of Chery Auto, Yin Tongyue, said this himself, explaining that “two top European brands want to use our platform and an agreement will be signed with one of them, a higher brand than us”.

A platform deal will be announced this week

The president of the Wuhu-based automaker announced that the agreement will be signed during his trip to Europe starting on Tuesday the 16th. Yin spoke at a live-streaming event to promote the new Exlantix ET electric SUV, which is being developed and The Exeed brand is developed in Chery’s E0X electric platform. In addition to the two brands that Chery is finalizing joint ventures with, the state-owned automaker is “discussing with two other brands for possible cooperation,” Yin said.

Chery favored by Italy, admired by Spain

Chery is one of the Chinese manufacturers that the Italian government is negotiating with in an attempt to attract foreign companies to produce in Italy. According to some information sources, the Wuhu group that wants to expand in Europe and thus start producing in the Old Continent, is the one that the Ministry of Commerce led by Adolfo Urso is focusing on and is the one with which the negotiations are at the highest stage. . However, Chery seems to be close to starting production in Spain and the investment, which will be supported by public incentives, could be made official soon.

The first EU production plant in Barcelona?

Chery is expected to start production in Barcelona, ​​​​under the brands Omoda and Jaecoo, to acquire the plant that Nissan closed in 2021, a factory with around 1,600 workers. Spain will issue two tenders totaling 1.7 billion euros this year aimed at companies seeking loans and subsidies for the production of electric vehicles under a program called Perte Vec. Chery’s investment would fall within this incentive program and would create the Chinese company’s first production site in Europe. Chery already has a joint venture with Jaguar Land Rover to build Jaguar and Land Rover vehicles at the Changshu plant, but it also has a historic agreement with Italy’s Dr, the car group founded by Massimo Di Risio. (All rights reserved)