Chery Partners with Afrigreen to Boost Kenya's Automotive Industry

Sunday, 28 July 2024, 11:15
Chinese electric vehicle manufacturer Chery has announced plans to invest over Sh2 billion in Kenya's automotive industry by partnering with local firm Afrigreen Automobile. This collaboration aims to establish a vehicle assembly facility in Kenya, which could significantly enhance local production capabilities and create job opportunities. The investment is a strategic move to tap into the growing demand for electric vehicles in the region, as environmental concerns and government incentives drive the shift towards sustainable transportation.
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Chery Partners with Afrigreen to Boost Kenya's Automotive Industry

Chery's Investment in Kenya

On July 28, NAIROBI, the Chinese electric vehicle manufacturer Chery signed a groundbreaking partnership deal with Afrigreen Automobile to invest over Sh2 billion in the Kenyan automotive sector.

Details of the Partnership

  • This investment will facilitate the establishment of a vehicle assembly plant in Kenya.
  • The collaboration aims to boost local production and increase job creation.
  • As electric vehicle demand rises, the partnership positions Chery favorably in the Kenyan market.

Conclusion

This strategic investment by Chery signals a significant commitment to advancing the automotive industry in Kenya, aligning with global trends toward electric vehicle adoption.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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