On April 19th, China's Chery Automobile Company and Spain's Ebro Company held a signing ceremony for an electric vehicle cooperation agreement in the free trade zone of Barcelona, Spain. After the agreement was signed, Chery and Ebro will establish a joint venture to produce Chery Omoda electric vehicle models and Ebro brand cars in Barcelona. This cooperation marks the establishment of Chery Automobile's first production base in Europe, and Chery will become the first Chinese car company to produce cars in Europe.
Chery Holding Group sold 181585 cars in March, a year-on-year increase of 45.3%; In the first quarter, a total of 529604 cars were sold, a year-on-year increase of 60.3%, continuing to maintain a high-speed growth trend. In the first quarter, Chery Group sold 60133 new energy vehicles, a year-on-year increase of 124.3%; Accumulated exports of 253418 vehicles, a year-on-year increase of 40.9%.
In the first two months, Chery Group's sales growth rate was 70%, far exceeding the industry growth rate of 11.1%, ranking first in the entire industry. The China Association of Automobile Manufacturers predicts that with the traditional peak season of the automotive market in March and the release of consumer promotion policies at all levels, the year-on-year growth rate of narrow passenger car retail is expected to be 3.7%. Chery Group has achieved an accelerated growth rate of almost 12 times that of the industry, accelerating its journey upwards.
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