China's Chery organizes an event in Barcelona with Spain's EV Motors to formalize the agreement to open its first European production plant

BARCELONA, SPAIN - APRIL 19: Spanish Prime Minister Pedro Sanchez (C) and Catalan regional President Pere Aragones (C-L) attend the signing of a joint venture agreement with CEO of EBRO Pedro Calef, and Executive Vice President of Chery Automobile, Zhang Guibing as Ebro-EV Motors, automotive company specialized in design, manufacturing and marketing of vehicles, reached an agreement with Chinese carmaker Chery at the Barcelona Free Trade Zone in Barcelona, Spain on April 19, 2024. Chinese carmaker Chery officialized today its arrival in Spain, where it will produce locally-branded electric vehicles by the end of 2024. This move is another indication of Beijing's ambitions in the European market, amid an ongoing standoff with Brussels. Chery's establishment will be carried out through a joint venture with the Spanish group Ebro-EV Motors, specialized in the design and manufacturing of electric trucks. Minister of Business and Labor of the Catalonia Roger Torrent, Spanish Minister of Industry Jordi Hereu, and representatives of the Chinese Embassy also attended the event. (Photo by Stringer/Anadolu via Getty Images)