Rwanda Development Board (RDB) has signed a Strategic Investment Agreement with Ecofleet Solutions Ltd and Chery Holding Rwanda Ltd to establish an electric vehicle assembly plant in the country.

Chery Holding, established in 1997, is a Chinese business group focused on the automotive industry. Its popular vehicle brands include Tiggo, an SUV series, and Arrizo, a sedan series, as well as hybrid and fully electric vehicles.

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The agreement was signed on Friday, October 30, by RDB Chief Executive Officer Jean-Guy Afrika, Ecofleet Solutions Ltd CEO Aubin Rukera, and Chery Holding Rwanda Ltd CEO Mohammed Hady N. Tabriz.

"The agreement marks a significant milestone in advancing Rwanda’s green mobility agenda, supporting efforts to reduce carbon emissions, and strengthening domestic manufacturing capabilities," RDB said in a statement.

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The development follows a Cabinet meeting held on Friday, September 18, which approved a strategic investment agreement between the Government of Rwanda and Chery Holding Rwanda Ltd.

Plans for the assembly plant had also been discussed in April 2026, when President Paul Kagame met Xu Hui, chairman of Rich Resource International Investments and vice president and board secretary of Chery Holding, at Village Urugwiro.