D-HUB Acquires Former Nissan Factory

Hitch Advises EBRO on the Negotiation for the Acquisition of the Former Nissan Factory

Barcelona, June 21, 2023 – EBRO, the revitalized automotive company specializing in the production of 100% electric vehicles in Spain, is progressing according to its business plan and marks a milestone in Spain’s reindustrialization.

Through its involvement in the D-HUB, EBRO is reshoring electric vehicle production in Spain—a key component in the transition toward a new model of sustainable, zero-emission mobility. In this context, EBRO expects to begin marketing its first vehicles produced at the Zona Franca site by the end of 2024, with initial deliveries slated for 2025.

The company forecasts production of 50,000 units between 2027 and 2029.EBRO has appointed Andbank to lead its first funding round, aiming to raise up to €20 million. The capital, raised through its parent company EV Motors, will be used to fund the engineering of the models to be produced at the Zona Franca plant (a 100% electric pickup and a minivan), as well as the development of the D-Hub, in which EBRO plays a strategic role through its parent company.

“The EBRO project represents a significant step forward in the reindustrialization of Spain, particularly in reviving activity at the former Nissan plant in the Zona Franca. "It’s about recovering domestic electric vehicle production and industrial employment—trends that have reversed in recent decades in major economies like Europe and the U.S.,” said Pedro Calef, CEO of EBRO.

In this regard, the relaunch of EBRO will enable the D-Hub to rehire former employees from the Nissan factory in the Zona Franca. EBRO is very pleased with the gradual reintegration of a highly skilled industrial workforce, capable of quickly adapting to the development of the company’s new electric models. The company expresses its gratitude to public administration, unions, and the business community for their commitment to achieving this shared goal.