Global automaker Stellantis has signed a memorandum of understanding with South African government agencies to develop a manufacturing facility in the country. The facility, built in a South African Special Economic Zone (SEZ), is expected to be completed by 2025.
Stellantis, with its 14 automotive brands, will join other auto manufacturers already producing vehicles in South Africa, including Ford, BMW, Mercedes Benz, Isuzu, Volkswagen, Nissan, Hyundai, Mahindra.
According to TopAuto, a South African industry news resource, the automotive sector accounts for 17.3% of all manufacturing in the country. Producing more than 500,000 automobiles annually and exporting globally, South Africa is the 21st largest vehicle-producing country in the world.
The Stellantis facility is a “new building block in our industrialization strategy to sell 1 million vehicles n the region by 2030 with 70% regional production autonomy,” said Samir Cherfan, Stellantis Middle East and Africa COO.
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