Enhanced Collaboration for Automotive Industry: Chery Algeria, Chinese Ambassador’s Strategic Meeting
✏️ BY: Dr. Hana Saada
Algiers, Algeria | July 2nd 2024 — A strategic meeting took place yesterday morning at the Chinese Embassy in Algeria, bringing together the leaders of Chery Algeria, led by Chief Executive Aimen Cheriet, and the Chinese Ambassador to Algeria, Mr. Li Jian.
Advancing the Chery Automotive Factory Project
Discussions focused on the progress of the Chery Automotive Factory project, highlighting the significant involvement and commitment of Chery, a state-owned Chinese enterprise holding a 35% stake in the Algerian factory, as detailed in an official communiqué from Chery Algeria.
Strategic Vision and Expanding Investments
This meeting underscores China’s expansive vision for investments in Algeria, particularly in the automotive industry. The establishment of the Chery factory in Algeria is a key component of this expansion strategy, paving the way for fruitful collaborations in advanced automotive technologies, local integration enhancement, and exports to neighboring countries.
Commitment to Technological Knowledge Transfer and Regional Export
Both parties pledged to promote the transfer of essential technological knowledge for the automotive sector, build a robust logistics network to increase local integration rates, and support the export of products to regional markets. This initiative aligns perfectly with the bold vision of the Algerian state to revitalize and modernize the national automotive industry.
Strengthening Bilateral Relations
In a gesture of reinforced cooperation, the Algerian partner expressed its determination to swiftly realize this strategic project, emphasizing the positive outcomes of the President of the Republic’s visit to the People’s Republic of China and highlighting the continually developing strong ties between the two nations.
Promising New Chapter in Chery Algeria and China Collaboration
This meeting marks a promising new chapter in the collaboration between Chery Algeria and China, further bolstering the growth of the automotive industry in Algeria, with solid foundations already established.
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