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

Data Insights

The gold standard of business intelligence.

Find out more

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

GlobalData Strategic Intelligence

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

Just Auto Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now