Tribunal approves Chery's acquisition of Nissan's Rosslyn manufacturing plant
The Competition Tribunal has approved, subject to public interest conditions relating to employment and local procurement, a merger that will see Chinese vehicle manufacturer Chery International acquire the assets of Nissan South Africa’s (SA's) vehicle manufacturing plant in Rosslyn, Gauteng.
Following the transaction’s implementation, Chery South Africa (SA) will control the manufacturing plant.
The tribunal says the transaction paves the way for Chery to begin manufacturing vehicles in South Africa for the first time, from the Rosslyn facility, following Nissan’s decision to exit vehicle manufacturing in the country.
Chery SA forms part of a broader group that develops, manufactures and exports passenger and commercial vehicles globally, including sports-utility vehicles (SUVs), sedans and new-energy vehicles for markets in more than 80 countries.
In South Africa, the group currently imports and distributes Chery-branded passenger vehicles and provides aftermarket services through Chery SA.
It also sells certified pre-owned vehicles. Chery intends to manufacture certain SUV models locally, while continuing to import other vehicle models into the country.
The Rosslyn manufacturing plant was previously used by Nissan SA to produce Nissan Navara bakkies. In January, Nissan announced that it would exit vehicle manufacturing in the country.
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