The Company Plans To Reach The Mark Of 100 Thousand Electric Cars Produced Per Year By 2030 With Its New Factory. The Investment Of US$ 400 Million By The Automaker Chery Automobile Is Part Of Its Expansion Plan For Production In The Latin American Market, Where It Will Generate Many Jobs.
The Chinese automaker Chery Automobile Is Undergoing An Ambitious And Intensive Expansion Plan In The Latin American Market. The Company Announced The Construction Of A New Electric Car Production Factory In Argentina, Generating New Job Opportunities Throughout The Construction. The Plant Will Have A Value Of US$ 400 Million In Investments And Will Help The Company Reach The Mark Of 100 Thousand Cars Produced Per Year By 2030.
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Targeting The Latin American Market, Chery Automobile Announces Project To Build A New Electric Car Factory In Argentina
The Chinese Automobile Manufacturer Chery Automobile Has Been Heavily Investing In Its Expansion Across The Global Market, But Mainly In Latin America.
Now, It Has Announced Another Ambitious Project For The Electrified Automobile Segment In Argentina, The Construction Of A New Electric Car Production Factory.
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The Plant Will Count On An Investment Of US$ 400 Million, In Addition To Generating 6 Thousand Direct Jobs For Residents Of The Neighboring Country. With This, The Automaker Hopes To Get Closer To Achieving Its Production Goal Of 100 Thousand Electric Cars Per Year By The End Of 2030.
The Announcement Of The New Factory Took Place During A Meeting Held In The Chinese City Of Wuhu Between The Vice President Of Chery International, Zhang Shenghan, The Secretary Of Industry And Productive Development Of The Argentine Government, José Ignacio De Mendiguren, And The Argentine Ambassador To The Asian Country, Sabino Vaca Narvaja.
The Choice Of Argentina For The Investment In The Installation Of The New Vehicle Production Plant Is Due To The High Lithium Reserves In The Latin American Country. This Is The Raw Material For The Manufacturing Of Batteries For Electric Cars.
Additionally, The Location Of The Plant In A Neighboring Country To Brazil Will Ensure A Greater Connection Between The Factories Of Both Countries. Thus, The Implementation Of The Project Will Allow The Chinese Company To Fully Serve The Latin American Market.
Also In The Meeting, It Was Established That The Production Of Batteries For The Electric Cars Will Take Place In The Argentine Province Of Jujuy, By The Chinese Company Gotion High Tech In Partnership With The Local Mining Company JEMSE.
Investment By Chery Automobile In The New Electric Car Production Factory Will Occur In Two Phases, With The First Starting In 2023
According To Chery Automobile, Its Investment Plan For The New Electric Car Production Factory In Argentina Will Occur In Two Stages.
The First Phase, Between 2023 And 2025, Will Involve A Total Investment Of US$ 300 Million For An Annual Production Of Up To 50 Thousand Electric Cars And The Creation Of 4 Thousand Jobs.
The Second Phase Will Take Place Between 2026 And 2030, When The Company Plans To Reach The Mark Of 100 Thousand Electric Cars Produced Annually.
The Details Of The Partnership Between Chery Automobile And The Argentine Government Will Be Finalized By The End Of February, After Another Meeting With The State Representatives And The Company.
With Its New Project For The Latin American Electric Car Market, Chery Automobile Further Expands Its Investment In The Western Transport Sector.


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