16:15:47 EDT Mon 13 Apr 2026
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Tesla CDR (CAD Hedged)
Symbol TSLA
Shares Issued 25,150,000
Close 2026-04-10 C$ 30.55
Market Cap C$ 768,332,500
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Globe/wire say Tesla sees Chery expanding in Europe

2026-04-13 09:11 ET - In the News

The Globe and Mail reports in its Monday edition that Chery is looking to expand car production in Europe through partnerships with other automakers allowing it to use existing factories. A Reuters dispatch to The Globe quotes Chery Automobile's Lionel French Keogh saying in Paris, "The company is looking for other production capacities in Europe." Mr. Keogh is chief commercial officer for Chery's French subsidiary. Chery chairman Yin Tongyue told journalists the company prefers to use existing production capacity instead of investing heavily in a new assembly plant. "These processes require time and dedication but mainly setting up the right local partnerships," Mr. Yin said. "I really hope we will have news to share with you in the coming months." Mr. Yin declined to comment on which automakers it is holding talks with or how many countries it is looking at. But he did say France is on the list of potential locations. Like Chinese rival BYD, Chery has seen rapid growth since launching sales in Europe in 2023. Last year its European sales grew almost six-fold to 120,147 vehicles from 17,035 in 2024. Chery has already invested through a joint venture with Spanish company Ebro in a former Nissan assembly plant in Barcelona.

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