Chery Becomes First Chinese Automaker to Make Cars in Europe
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A rundown of the news making headlines in and around China:
Automaking abroad: Chery Automobile Co. Ltd. has become the first Chinese automaker to produce cars in Europe. The Ebro S700, which started rolling off the production line in Barcelona Saturday, is the first model that Chery is making with its joint venture partner EV Motors SA. The Spanish carmaker signed a joint venture agreement with Chery in April to develop electric vehicles together. EV Motors owns the Ebro brand. The two companies are manufacturing the S700 in a former Nissan Motors Co. Ltd. factory that shut down in 2021. Producing vehicles for the local market in Spain will help Chery sidestep the EU’s recently raised tariffs on China-made EVs.
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- Chery Automobile Co. Ltd. is the first Chinese automaker to produce cars in Europe, beginning with the Ebro S700 in Barcelona with partner EV Motors SA.
- China's new national carbon footprint standard for the nonferrous metals industry will take effect on May 1, addressing significant emissions from electrolytic aluminum.
- China's internet regulator requires tech companies to address algorithm issues by Feb. 14 due to concerns over societal impacts like internet addiction and workers' rights violations.
- Chery Automobile Co. Ltd.
- Chery Automobile Co. Ltd. is the first Chinese automaker to produce cars in Europe. It has partnered with EV Motors SA to manufacture the Ebro S700 in Barcelona, Spain. The production takes place in a former Nissan factory to bypass recently increased EU tariffs on China-made EVs. This marks a strategic move by Chery to expand its presence in the European electric vehicle market.
- EV Motors SA
- EV Motors SA is a Spanish carmaker that has partnered with Chery Automobile Co. Ltd. to produce electric vehicles. The two companies signed a joint venture in April and are manufacturing the Ebro S700 model in Barcelona at a former Nissan factory. The collaboration aims to circumvent the EU's raised tariffs on China-made EVs by producing vehicles locally in Spain. EV Motors owns the Ebro brand.
- Nissan Motors Co. Ltd.
- Nissan Motors Co. Ltd. previously operated a factory in Barcelona, Spain, which was shut down in 2021. This facility is now being used by Chery Automobile Co. Ltd. and EV Motors SA to manufacture the Ebro S700 electric vehicle.
- Aluminum Corp. of China Ltd.
- Aluminum Corp. of China Ltd. is a state-run company that played a key role in developing China’s first national carbon footprint standard for the nonferrous metals industry. Electrolytic aluminum, which the company is involved in, accounts for about 70% of the carbon emissions in China's nonferrous metals industry.
- February 14, 2024：
- The Cyberspace Administration of China mandates that internet companies must fix a number of problems with their algorithms.
- April 2024：
- Chery Automobile Co. Ltd. signs a joint venture agreement with EV Motors SA to develop electric vehicles together.
- May 1, 2024：
- China's first national carbon footprint standard for the nonferrous metals industry will take effect.
- Saturday, 2024：
- The Ebro S700 starts production as the first model that Chery is making with its joint venture partner EV Motors SA in Barcelona.
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