Analysis of the Automobile Market in Angola

1. Industrial foundation

There are a number of automobile assembly plants in Angola. For example, the Angola Automobile Manufacturing Company cooperates with international brands to assemble. Auto parts suppliers are gradually developing, but the overall industrial system is not yet perfect and relies heavily on imports.

2. Market characteristics

Due to purchasing power constraints, used cars account for more than 80% of car transactions, and Japanese brands such as Toyota and Nissan have a market share of more than 60%.

China brands: The first batch of sales points for China brand electric vehicles will appear in Luanda in 2023; On January 10, 2024, Great Wall Motor opened its first 4S store in Luanda; On December 22, 2024, Fuhua Automobile's 4S store in Camama District, Luanda Province opened. The store was officially authorized by China automobile brands Xinyuan Automobile and Jiulong Automobile in Angola.

3. Relevant regulations of the automobile industry

Import standard: The age limit for imported used cars shall not exceed 5 years (Angola Customs Order No. 75 of 2023).

Emission standards: European standards have not been implemented yet, but plans to introduce European IV standards starting from 2025 (planned by the Ministry of Environment).

Localization requirements: KD assembly projects must commit to a localization rate of no less than 15% within 3 years (stipulated by the Ministry of Industry and Trade in 2022). The proportion of foreign employees employed shall not exceed 30%(Presidential Decree 43/17).

Tax policy: Import tariff on complete vehicles is 30-35%(2024 Customs Tariff). Tariffs on electric vehicles will drop to 10% from 2024 (Ministry of Finance announced in 2023).

China-Angola cooperation

1. Trade exchanges

Angola is China's second largest trading partner in Africa after South Africa, and is China's seventh largest source of crude oil imports in the world. China is Angola's largest trading partner, largest export destination and largest source of imports. Bilateral trade in goods in 2023 will reach US$23.05 billion. Angola mainly exports oil and imports mechanical and electrical products, textiles, building materials, etc. from China.

From January to April 2025, Angola imported 2,562 cars from my country with a value of RMB 377 million; imported auto parts and components with a value of RMB 358 million; and imported 32,134 motorcycles with a value of RMB 115 million.

2. Investment cooperation

According to statistics from the Ministry of Commerce of China, China's direct investment flow to Angola in 2023 will be approximately US$350 million; as of the end of 2023, the stock of China's direct investment in Angola will be approximately US$2.55 billion.

At present, there are more than 400 Chinese-funded enterprises in Angola, mainly in the fields of construction, commerce, real estate and manufacturing. Chinese-funded enterprises carrying out investment cooperation include Sinopec, CITIC Construction, Qingdao Youxing, Guangde International, Zhejiang Yongda, Haishan International, Sujie International, Aode Group, Zhongsheng Group, Jiangzhou Agriculture, etc. Among them, Sinopec cooperated with British BP and other oil companies to jointly develop Angola's oil and gas resources.

At the end of 2023, my country had 6484 laborers in Angola.

Luanda Branch of Bank of China is the only Chinese-funded commercial bank in Angola market. It officially opened in Luanda, capital of Angola, in June 2017.

In 2008, Industrial and Commercial Bank of China invested US$5.5 billion in Standard Bank Group, Africa's largest bank, accounting for 20% of the shares, becoming the single largest shareholder of Standard Bank Group. Standard Bank Group of South Africa is the largest shareholder of Standard Bank of Angola.

3. People-to-people exchanges

China dispatched medical teams to Angola to improve local medical standards. In the past five years, the China government has provided more than 150 scholarships to Angola. Currently, about 300 Angola students are studying in China.

4. Bilateral agreements 

China and Angola established diplomatic relations on January 12, 1983. A bilateral trade agreement was signed in June 1984. In October 1988, the two sides signed an agreement to establish the Economic and Trade Joint Commission. In May 2011, the Ministry of Commerce of China and the Ministry of Foreign Affairs of Angola signed the "Cooperation Agreement between the Government of the People's Republic of China and the Government of the Republic of Angola in the Field of Labor Services." In April 2015, China and Angola established a bilateral economic and trade steering committee mechanism and held their first meeting in Beijing. This mechanism is led by the Ministry of Commerce of China and the Development and Reform Commission, and aims to coordinate and guide bilateral trade, investment and industrial cooperation. In September 2018, during the Beijing Summit of the Forum on China-Africa Cooperation, China and Angola signed a memorandum of understanding on cooperation in jointly building the "Belt and Road" in Angola.

In August 2023, the governments of China and Angola signed an exchange of notes on the China government's granting of zero-tariff treatment to Angola's products exported to China for 98% of the tax items. In December 2023, China and Angola signed the China-Angola Agreement on the Promotion and Mutual Protection of Investment. On June 11, 2025, China announced that it would implement zero tariffs on 100% tax items on 53 African countries that have diplomatic relations with China.

Source: Yangtze River Delta new energy vehicle industry offshore base

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