As forecast earlier this week, Renault has signed an agreement with Algerian state interests to form a joint venture to make cars in Algeria.
The agreement provides for the construction of a manufacturing plant in Oued Tlelat, southwest of Oran, to build Renault Group passenger cars and LCVs, mainly for the Algerian market.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The new JV will be owned 51% by Algerian state interests and 49% by Renault.
The plant’s annual production volume will start at 25,000 vehicles/year (7 vehicles/hour) and will ultimately be increased to 75,000 vehicles/year (15 vehicles/hour), based on market response. The first model to be manufactured there will be New Symbol.
See also: ALGERIA: Renault to ink assembly deal tomorrow as car market booms
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
