Catalan car manufacturer Ebro to go public in Spanish stock market

Barcelona-based car manufacturer Ebro-EV Motors will go public in the stock market with a value of €328.8 million on Monday next week.

This announcement comes a few months after the company announced a deal with the Chinese company Chery to build electric cars in Barcelona. It marks the first time that a Chinese manufacturer will build vehicles in Spain

On April 19, both companies signed a deal to produce vehicles in Nissan's old factory, creating more than 1,000 jobs for former Nissan workers as well.

The company will go public in a space designated for small and medium-sized companies –BME Growth- with a starting price of €6.88 per share. 

In the announcement presented on Thursday, EV Motors emphasizes that "a significant grow in sells is expected" going from €36 million at the end of 2024, to more than €330 million in 2025. 

These estimates are based on the expectations to build around 1,400 vehicles in 2024 and to surpass 30,000 units sold in 2025.

During the month of November, the manufacturing of the S700 and S800 models will begin.