On April 19th, local time, Chery Automobile signed an agreement with the Spanish car company Ebro-EV Motors to establish a joint venture in Barcelona, Spain, to produce new EVs, creating 1,250 jobs. The production base, located at the former Nissan factory that closed in 2021, is set to start production this year with models such as the Omoda 5. It is expected that by 2027, the annual production will reach 50,000 vehicles, and 150,000 by 2029.