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Stock impact report

Chery's Next Europe Move May Be Someone Else's Factory [Yahoo! Finance]

NISSAN MOTOR LTD S/ADR (NSANY) 
US:NASDAQ Investor Relations: nissan-global.com/en/ir
Company Research Source: Yahoo! Finance
Instead, the Chinese automaker says it wants to expand by partnering with other carmakers and using plants that already exist on the continent. That approach says a lot about how fast the company wants to move. Building a fresh site from scratch takes time, money, and political patience, while a local partnership can put production much closer to market far sooner. Chery executives laid out that thinking in Paris during the French launch activities for Omoda and Jaecoo. They said France is among the possible locations, though they did not identify any partner or say how many countries are under consideration. That makes this less about one future factory and more about a wider European manufacturing strategy. For a company that is growing this quickly, that may be the smarter way to scale. Why Chery Wants More Capacity Chery already has one foothold in European production through its joint venture with Ebro at the former Nissan plant in Barcelona. That site is a serious piec Show less Read more
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