Chinese car brands Omoda, Jaecoo tap Spain as EU gateway for expansion

Описание: Omoda and Jaecoo, the latest Chinese car brands to hit European roads.

When locals heard that Chery, their parent company, was taking over the old Nissan plant in Barcelona as part of a half-a-billion dollar joint venture, the question many of them asked was... 'who?'

Now though, Spanish customers are getting to know their new neighbors.

Chery is one of China's biggest car manufacturers and it's ramping up exports with over 15 million vehicles sold worldwide.

So why did they choose Spain?

And Chery isn't the only company investing in Spain.

CATL is the biggest electric vehicle battery maker on the planet with a 38 percent market share. They've committed close to five billion dollars to a gigafactory in Zaragoza as part of a joint venture with global automobile giant, Stellantis.

With both BYD - the world's best-selling EVs - and MG reportedly scouting European sites for new megafactories, Spanish Prime Minister Pedro Sanchez's message in Beijing is without doubt: Mi casa es tu casa, Spanish for "my home is your home".

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