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. Photo: Josep LAGO / AFPChinese 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.
This production will be supplemented from the fourth quarter of 2024 by electric SUVs marketed under the Ebro brand. Brussels in September opened a probe into the subsidies China grants its electric vehicle sector, accusing Beijing of distorting competition.
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