Chinese vehicle manufacturer Chery is set to acquire the assets of Nissan's Rosslyn plant in Pretoria, marking the end of nearly 60 years of Nissan vehicle assembly in South Africa. Trade, Industry and Competition Minister Parks Tau has welcomed the investment by Chery South Africa in the automotive sector. The deal, subject to regulatory approvals, will establish a permanent manufacturing presence for Chery in the country.
The announcement of Chery's acquisition of Nissan's Rosslyn plant in Pretoria represents a significant shift in South Africa's automotive landscape. This move ends almost six decades of Nissan vehicle production at the facility, which has been a key part of the local manufacturing sector.
Minister Parks Tau expressed support for the development, highlighting its importance to the industry's growth. The investment by Chery South Africa aims to create a lasting manufacturing base in the nation, potentially sustaining jobs and production capabilities in the region.
According to the Department of Trade, Industry and Competition (DTIC), the acquisition remains pending regulatory approvals, after which more details will be released. Department spokesperson Kaamil Ali stated: “The announcement comes as the DTIC continues its engagement with the industry to revamp the automotive industry policy and support measures. This acquisition by Chery SA is subject to regulatory approval after which details will be shared with the public. The SA automotive industry remains key anchor industry for manufacturing and job creation. The minister welcomes the commitment by Chery SA to continue working with the DTIC during the implementation phase of the process.”
This development underscores ongoing efforts to revitalize South Africa's automotive sector, which plays a vital role in employment and economic contribution. The transition to Chery could introduce new models and technologies, though specifics await confirmation post-approval.
