Shares of Beyond Meat jumped 8% in morning trading Tuesday after the company said it has signed a deal to start producing its plant-based meat substitutes in Europe next year.

Beyond's stock, which has a market value of $5 billion, has surged 241% since it went public at the beginning of May.

The company has expanded its partnership with Zandbergen World's Finest Meat to make its vegan meat alternatives in the Netherlands at a new manufacturing facility. The facility is expected to be completed in the first quarter of next year. It will mark Beyond's first production plant outside of the U.S.