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China’s Sokon to build 60,000-capacity car plant in Algeria
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China’s Sokon to build 60,000-capacity car plant in Algeria
Chinese carmaker Sokon, a subsidiary of the state-owned Dongfeng Motor Group, is building a car and bus assembly plant in Algeria with a production capacity of about 60,000 vehicles per year. Sokon is the latest Chinese carmaker to enter the growing Algerian market to take advantage of a set of incentives announced by the Arab country for industrial projects three years ago, including tax exemptions and affordable land lease. Sokon said in a sta…
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