In a significant move to expand its global presence in the rapidly evolving electric vehicle (EV) market, Chinese automaker Chery has made a major acquisition in Africa. The company has purchased a Nissan plant in South Africa, marking a significant shift in the production of EVs to new markets. This strategic move is part of Chery's broader plan to increase its global reach and tap into growing demand for eco-friendly vehicles in emerging economies. As the world's largest automakers continue to grapple with declining sales in traditional markets, Chery's expansion into Africa and other regions is seen as a bold bet on the future of the EV industry.
Chinese automaker Chery buys Nissan plant in Africa as EV production shifts to new markets The Journal Gazette
