Yin Tongye, Chery Automobile’s chairman has disclosed that the Chinese state-owned automaker will sign a deal with a premium European brand over platform cooperation, Reuters reports.

The comments were made during a livestreaming event promoting its new flagship SUV Exlantix ET, under the Exceed brand.

Mr Tongye said: “Two premium European marques want to use our platform and a deal will be signed with one of them, a more premium brand than us, during [my Europe trip beginning Tuesday].”

He also revealed that the automaker is in talks with two other brands over potential partnerships.

It comes as Chery Auto is nearing a deal to opening its first European manufacturing site in Spain, according to the Spanish government and lead negotiator, Barcelona-based EV Motors.

Talks were focused on Chery producing vehicles at Nissan’s former factory, which was shut down in 2021, news agencies report.

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Earlier this year it was reported that Chinese automaker was in talks with the Italian government over plans for a European plant.

If it is successful in Spain, it will be among the first Chinese automakers to have a European manufacturing base.