RSM, Deloitte and Baker McKenzie Facilitate Expansion of Chery Auto into Europe

In a strategic move to penetrate the European market, Chinese automotive giant Chery Auto has partnered with RSM, an international organization offering auditing, legal, tax, consulting, and corporate finance services. This collaboration aims to establish Chery’s inaugural plant in Spain, a significant step in bringing its electric vehicles to a broader audience in Europe.

Renowned for its electric vehicle production in Asia, Chery Auto aims to meet the rising demand for such vehicles in Europe. By establishing its operations on the former grounds of Nissan in the Zona Franca of Barcelona, Chery plans to set up an assembly plant, facilitating the distribution of a substantial portion of its electric vehicles across Europe.

Deloitte Legal‘s Corporate M&A team, led by partner Agustín del Río (pictured left) and including Carmen Muelas, Tamara Gutiérrez, and Marc Castro, played a pivotal role in advising Ebro on its strategic alliance with Chery. Their expertise facilitated the production of up to 150,000 vehicles by 2029 and the creation of 1,250 jobs at the plant.

Simultaneously, RSM‘s corporate finance team, led by partner Jordi Bellobí (pictured right) spearheaded the project to establish Chery’s presence in Europe. Working alongside Albert Sagués from the tax department and Miguel Capel from the labor department, they conducted due diligence and financial analysis to ensure the success of Chery’s expansion into the European market.

Baker McKenzie advised Chery with a cross-border team of transaction specialists. Led by partner Stanley Jia from Beijing, the team included special counsel Scott Silverman also from Beijing, as well as Cristina Rios and Gerard Gimenez, partner and senior associate respectively from the Barcelona office.