Chinese automaker Chery has made a significant move into the African market, acquiring a Nissan plant in a multi-billion dollar deal. The acquisition is seen as a strategic step by Chery to expand its global electric vehicle (EV) production footprint, as the company shifts its focus towards new markets. The Nissan plant, located in South Africa, is expected to be revamped to produce Chery-branded EVs, marking a major entry for the Chinese automaker into the African continent. As the global EV market continues to grow, Chery's move into Africa is likely to be closely watched by industry observers, who will be eager to see how the company navigates this new market.
Chinese automaker Chery buys Nissan plant in Africa as EV production shifts to new markets ABC News - Breaking News, Latest News and Videos
