If you think of the big 3 car companies you likely think of the North American based companies of GM, Ford and Chrysler. However, if you think about electric cars, you have to look at Chinese car companies. The Chinse companies are expanding outside of China.

In an article by Gilles Guillaume of Reuters, Chery is looking to expand car production in Europe through partnerships with other automakers allowing it to use existing factories, top executives said and an event in Paris, France.

All over the world, various automakers have built factories, some are successful and some are not, but they might be reused for another company given the assets and logistics are in place. If a new company takes over a former existing factory, the municipality will likely make it easier to open the facility again.

Lionel French Keogh, chief commercial officer for Chery Automotive said the company is looking for production capacities in Europe, The company recently launched its brands of Omoda and Jaecoo in Paris,

Similar to Chinese rival BYD, Chery is seeing rapid growth since launching sales in Europe in 2023. Last year sales grew to 120,147 units from 17,035 in 2024, according to data from auto consultancy Dataforce.

Last year, Chery’s global sales grew almost 7% to 2.8 million vehicles with overseas markets outside of China accounting for 47% of sales.

Chery has invested in a joint venture with Ebro in a former Nissan assembly plant in Barcelona and aims to reach production of 200,000 units annually by 2029. The company expects to need to open a new plant to meet demand requirements and the company is expecting to add a small electric SUV in France.

Linking to dividend paying stocks, we often invest in things we know, because if you made a rational decision on what to buy, others would likely make the same decision, and it will turn out to be correct. When we make our decisions, we look and who are the competitors and sometimes do not think about other countries because government regulations make it hard for those companies to compete in the US. Sometimes laws change and companies have various pricing methods for the consumer to buy their item or increase demand elsewhere until consumers demand the regulations to be changed.

There are more questions than answers, till the next time – to raising questions.