Chinese automaker Chery has acquired a manufacturing facility in South Africa previously owned by Nissan. The company intends to transform the site into a production hub to support its expansion across the African continent.
Key points
- The acquisition is part of Chery's broader strategy to increase its manufacturing footprint in Africa.
- The facility will serve as a central production hub for the brand's regional operations.
Why it matters
This move highlights the growing investment of Chinese automotive manufacturers in African industrial infrastructure to capture regional market share.
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