Menu
 
 
 

First new South African car plant in four decades to become operational in early 2018

Featured

Chinese car-maker BAIC - [http://1.bp.blogspot.com/-oEztJopipNk/U7xx7HVE8wI/AAAAAAAAH0I/wETHv1ydHvE/s1600/2012_Auto_China_Beijing_Auto_BAIC_Motor_Shenbao_c90l_%25E5%258C%2597%25E4%25BA%25AC%25E6%25B1%25BD%25E8%25BD%25A6_IMG_2707.JPG] Chinese car-maker BAIC - [http://1.bp.blogspot.com/-oEztJopipNk/U7xx7HVE8wI/AAAAAAAAH0I/wETHv1ydHvE/s1600/2012_Auto_China_Beijing_Auto_BAIC_Motor_Shenbao_c90l_%25E5%258C%2597%25E4%25BA%25AC%25E6%25B1%25BD%25E8%25BD%25A6_IMG_2707.JPG]

Chinese car-maker BAIC said on Tuesday (26 September) that it expects its first vehicles to roll off its new R11 billion South African assembly plant early next year – with most of the vehicles destined for export.

According to a report by Reuters, the factory will be based near export hub Port Elizabeth making it the first new car plant in South Africa in four decades.

The plant is expected to build 50,000 vehicles a year by 2022, half its estimated peak output.

BAIC has a 65% stake in the joint venture, with South Africa’s state-owned Industrial Development Corporation owning the rest, reports Reuters.

“We expect the first cars from the plant in the second quarter of next year,” said Sun Tongli, BAIC’s senior manager.

“The market is tough here in South Africa but they do foresee the regional SADC (Southern African Development Community) market, including South Africa, will be picking up in due course,” said Kingsley Dell-Robertson of the IDC.

The factory is expected to be a major boost for the local economy as well as the national motoring economy which was rocked earlier this year with the news that General Motors had decided to leave the country.

BAIC will join other manufacturers Toyota, BMW, Ford and Volkswagen which all currently boast manufacturing plants in the country.


 

Source

BusinessTech

back to top

Industries

About us

Follow us

Follow us @BusinessNewsCT

BusinessNewsCT 6 trends you need to know about if you want to open a franchise in South Africa in 2019 https://t.co/xLnYate3qC https://t.co/TdwZjVKYPv
23hreplyretweetfavorite
BusinessNewsCT This is what your credit score should be and how to improve it https://t.co/ZUTdwtI4n8 https://t.co/56uzCCGvQ2
23hreplyretweetfavorite
BusinessNewsCT What Joburg, Cape Town and Durban’s best areas for property growth have in common https://t.co/s1uy23A2fa https://t.co/3lmAbRn8lI
23hreplyretweetfavorite