Chery and Ebro finalize the deal that will revitalize the old Nissan factory

Agreement between the Chinese Shery And Catalan Ebro EV Motors To revitalize the old Nissan factory nearly three years after the closure of the Japanese company's facilities in Catalonia. The two companies announced the establishment of joint project With the majority participation of Ebro to manufacture Umoda and Ebro vehicles in the free zone.

The agreement was announced after months of intense negotiations and several trips to China by the authorities and the company, and will be officially signed on Friday at an event in the free zone. The first cars are expected to go into production by the end of the year.

The two companies announced the establishment of a joint venture with a majority stake in Ebro to manufacture Umoda and Ebro vehicles in the free zone.

EBRO is the first brand to sign an agreement with a Chinese manufacturer to manufacture vehicles in Spain. The agreement will allow the re-manufacturing of the Zona Franca de Barcelona plant owned by EV MOTORS, with the first model of the EBRO brand being manufactured in the fourth quarter of the same year. Production of Chinese Omoda cars is also expected to begin this year.

The agreement was finalized this week in Wuhu in negotiations with Ebro CEO, Pedro CalifExecutive Vice President of Chery, Guiping Zhang. Although no figures have been provided at the moment, some projections have indicated that Chery could manufacture 50,000 cars per year of its Omoda brand in Catalonia.

Some projections indicate that Chery can manufacture 50,000 cars annually from its Omoda brand in Catalonia.

The agreement comes after the announcement of changes in the organization's structure at the beginning of March hop tech factory, The company that remanufactures old Nissan cars in partnership with Silence. EV Motors acquired 100% of the shares after acquiring the 40% stake owned by QEV. The process was closed by paying 12 million euros, conditional on the success of the project. At the moment, the transfer is made for a symbolic amount of 1 euro. If ve QEV sells shares, it will remain tied to the project as a contract manufacturer.

QEV itself noted in the statement detailing the share sale that the move would facilitate the “potential entry into the Chinese manufacturer's venture.”

And then you see how the Minister of Business and Labor, Roger TorrentHe stressed that the negotiations “will end quickly and will end well.” It has been more than a month, but finally the process has been completed and it will be signed on Friday in Barcelona.

Electric motorcycle maker Silence, on the other hand, operates a small portion of the Zona Franca plot and employs 100 workers, but has just filed an ERTE claim due to an inventory issue.