Automotive News Europe — 2024-04-15
Automotive Industry
In addition to the two brands with which Chery is finalizing partnerships, the automaker is in talks with two other brands over possible tie-ups.
China's Chery Auto will sign a deal with a premium European brand over platform cooperation, said Yin Tongyue, chairman of the Wuhu-based automaker.
"Two premium European marques want to use our platform and a deal will be signed with one of them, a more premium brand than us," Yin said.
Yin said the deal will be signed during his Europe trip beginning Tuesday, 16 April 2024.
He was speaking on Sunday, 14 April 2024, during a livestreaming event promoting new Exlantix ET flagship electric SUV under its Exeed
The Exlantix ET is developed on Chery's E0X high-end electric platform.
In addition to the two brands with which Chery is finalizing partnerships, the state-owned automaker is in talks with two other brands over possible team-ups, Yin said.
Chery is nearing a deal to start building cars in Spain, its first manufacturing site in Europe, the Spanish government and lead negotiator EV Motors said last week. Talks are focused on Chery producing vehicles at the Barcelona plant that Japanese carmaker Nissan shut down in 2021.
In China, Chery has a joint venture with Jaguar Land Rover to build Jaguar and Land Rover vehicles in a factory in Changshu.