Chinese automaker to build new automobile plant in Argentina
Chinese automaker Chery is planning to produce battery electric vehicles (BEV) in Argentina, starting with a production target of 50,000 units annually.
This is in line with the third-best selling brand in the country, Fiat of which 50,364 units were sold in 2021.
Although Chery began marketing its brand in Argentina in 2008, the company’s current chairman Yin Tongyue started to show a real interest in new investments in the country in early 2021.
According to Alejandra Conconi who is executive director for the Argentina-China chamber of commerce, production, and industries, Chery is planning to build an automobile plant in Santa Fe province. The statement was made during an interview on Buenos Aires radio station Radio Mitre.
As the vehicle output will be used for both the domestic market and for exports, the Santa Fe facility will be operating similar to the Chery plant in the Brazilian city of Anápolis (Goiás state), currently the only Chery factory in South America.
For more on Chinese automaker manufacturing in South America, see plans for Great Wall Motors here.