The Competition Tribunal has approved Chery International's acquisition of Nissan South Africa's vehicle manufacturing plant. This marks Chery's entry into local manufacturing, where it plans to produce specific SUV models. Nissan exits vehicle production but retains operations as a vehicle importer and distributor in South Africa. The takeover enables Chery to deepen its investment in the local automotive sector.
Company Information
Company
Chery International (Pty) Ltd
Location
Gauteng, South Africa
About
Chery International is part of a broader group that develops, manufactures and exports various types of vehicles globally. The company specializes in sport utility vehicles, sedans, and new energy vehicles. In South Africa, Chery imports and distributes vehicles and offers aftermarket services. They are expanding their operations by establishing local manufacturing capabilities.
Predictive Intelligence
Strategic
ML-powered predictions for Chery International (Pty) Ltd's next move
Gauteng