Tengku Zafrul says will seek to ‘correct errors’ in Zahid’s affidavit backing Najib’s bid for house arrest order
The Spanish carmaker confirmed the move saying it had reached a deal with Chery “to manufacture vehicles through a joint venture majority owned by Ebro”, adding that the plant would produce Chery's Omoda brand vehicles.No further details were available about the deal which will be signed in Madrid on Wednesday by Industry Minister Jordi Hereu and a Chery delegation in the presence of members of Catalonia's regional government.
Chery is the second Chinese carmaker to move into Europe after China's top electric carmaker BYD said in December it would build a factory in Hungary as it pushes ahead with plans to expand into Europe despite growing competition concerns. Chery's move comes as tensions soar between Beijing and Brussels, as the EU steps up actions to defend European industry against growing threats from China and the United States.