BY: Dr. Hana Saada
Algiers, Algeria | October 17th, 2024 — Chery, in collaboration with its Algerian partners, has officially received approval to establish a cutting-edge automotive manufacturing plant in Algeria, marking a historic milestone for the country’s automotive sector. As the first and only brand authorized to produce both passenger cars and light commercial vehicles under the provisions of Executive Decree 24-159, which amends Decree 22-384, Chery’s new venture highlights the company’s unwavering commitment to meeting Algeria’s stringent regulatory standards. This landmark development underscores Chery’s leadership not only in the Algerian market but also across the wider region.
The creation of this state-of-the-art facility is a crucial step in fulfilling the vision laid out by Algerian authorities to develop a strong, self-reliant automotive industry. Chery’s investment in Algeria goes beyond simply producing high-quality vehicles tailored to local market needs; it signifies a long-term commitment to fostering a sustainable industrial base that will have wide-reaching impacts on the country’s economy. This ambitious project has been made possible through Chery’s strategic partnership with China, reinforced by substantial direct investments aimed at bolstering Algeria’s industrial capabilities.
Production at the newly authorized plant is set to begin in the near future, with Chery Algeria pledging to expedite the delivery of all pending vehicle orders. This comes as welcome news for Algerian consumers, who have been contending with a volatile used vehicle market due to supply shortages. The introduction of locally manufactured vehicles is expected to stabilize the market by offering more accessible and reliable options, easing the burden on buyers and providing them with a wider range of choices.
The approval and forthcoming launch of this plant are poised to revolutionize Algeria’s automotive industry. More than just a response to local demand, the project will contribute significantly to the national economy by creating jobs, enhancing industrial expertise, and promoting innovation. Chery’s facility will align with Algeria’s long-term economic objectives, focusing on sustainable development and strengthening the country’s competitive standing on both the continental and global stages.
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