In a significant move to expand its global presence and meet growing demand for electric vehicles (EVs), Chinese automaker Chery has acquired a Nissan plant in Africa. The acquisition is seen as a strategic step by Chery to tap into the rapidly growing African market, where EV adoption is on the rise. As the world's largest automakers shift their focus to electric vehicles, Chery is poised to capitalize on the opportunity by establishing a foothold in new markets. With this move, Chery aims to increase its production capacity and sales in Africa, while also reducing its reliance on traditional fossil fuel-powered vehicles.
Chinese automaker Chery buys Nissan plant in Africa as EV production shifts to new markets kdhnews.com
