Kenya signs US$3 billion electric vehicle memorandum with Endelevu and Geely
- Value
- US$3bn
- Date
- 6 October 2026
- Transaction type
- PPP
- Practice area
- Corporate and Commercial
- Jurisdiction
- China, Kenya
- Client
- Government of Kenya
Summary
Kenya’s government signed a non-binding memorandum for assembly of 50,000 four-wheel electric vehicles and 100,000 two-wheelers a year, plus 1,000 solar-powered charging hubs. No site, timeline or financing structure has been announced and the memorandum text is unpublished.
Other parties
Government of Kenya (client); Endelevu Enterprise Corporation; Geely Auto Group (counterparty)
Sources
Compiled by Meridian from the public announcements and filings listed under Sources.
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