Chery Eyes Europe Factory Deals for Expansion

Chery Automobile is planning to significantly increase its car production in Europe by forming strategic partnerships. The Chinese automaker intends to leverage existing manufacturing facilities through collaborations with other car companies, rather than constructing new plants. This approach is seen as a more time-efficient method for expanding its footprint on the continent.

Executives have confirmed that France is a key consideration for these manufacturing plans. Chery is keen to establish local partnerships to facilitate its production goals and adapt to European Union regulations, including tariffs on electric vehicles and local content requirements. The company previously invested in a former Nissan assembly plant in Barcelona, aiming for 200,000 annual units by 2029.

This European expansion comes as Chery experienced substantial growth in sales, with European sales nearly six-fold in 2023 compared to the previous year. The company also aims to launch its Chery brand models and a small electric SUV in France later in the year, further solidifying its presence in major European markets.