Stellantis has signed a Memorandum of Understanding (MOU) to develop a manufacturing facility in South Africa.
South Africa already hosts vehicle production plants for Ford, Nissan, BMW, Mercedes-Benz, Toyota, VW, and Isuzu. Now in a boost for the south African auto industry,has signed a Memorandum of Understanding with the Industrial Development Corporation and the Department of Trade, Industry and Competition to develop a manufacturing facility in South Africa. The signing ceremony took place at the office of Mr. Ebrahim Patel, Minister of Trade, Industry and Competition, and was attended by Mr.
The manufacturing plant is planned for setup in a South African Special Economic Zone . The aim is to complete this manufacturing project by 2025. “An investment partner like Stellantis is an amazing opportunity for South Africa,” said Mr. TP Nchocho, CEO of the IDC. “Their track record in manufacturing plants around the world is impressive and we look forward to a joint venture with Stellantis to build a successful plant in South Africa. Another brick in the foundation towards our target of producing a million cars locally in SA.”
It’s great to see that another vehicle production plant is coming to South Africa. Since this will be a new set up, it will be interesting to see which models Stellantis will produce in South Africa, especially as the world is transitioning to electric vehicles. We will follow this very closely for updates and to see how this evolves.I don't like paywalls. You don't like paywalls.
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