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China's Chery takes over former Nissan car factory in South Africa
Chery will keep 692 workers and invest millions to upgrade the former Nissan factory before starting production in mid-2027, executives said.
On Friday, China's Chery formally took over Nissan's car manufacturing plant in Rosslyn, committing to spend millions of dollars upgrading machinery ahead of starting vehicle production in South Africa in mid-2027.
Facing mounting competition and excess capacity in their domestic market, Chinese automakers are accelerating overseas expansion to increase global manufacturing and sales footprints for growth.
Chery committed to retaining all 692 existing employees at the facility, and Vice President Charlie Zhang of Chery Auto stated the project will create nearly 3,000 direct and indirect jobs.
The company expects to produce 15,000 vehicles during the late 2027 ramp-up phase, while Zhang noted the long-term goal is to turn the plant into an auto center supporting 100,000 annual vehicle sales in South Africa.
Initial production includes the Jetour T series, such as the Jaecoo J5 and Chery Tiggo 4, while Chery launched a program targeting 40% local content in the initial stage.
(Beijing=Yonhap News) Correspondent Han Jong-gu = Chery, a leading Chinese automobile exporter, acquires Japan's Nissan Motor's plant in South Africa, and Africa...