Chery invests 400 million euros to build electric vehicle production capacity in Spain

Chery Automobile and Spanish automobile company Ebro-EV Motors have signed an agreement to establish a joint venture in Barcelona, ​​Spain to produce new electric vehicles. The annual production is expected to reach 50,000 units by 2027 and increase to 150,000 units by 2029. The total investment in the project is 400 million euros.