Chinese vehicle manufacturer Chery will acquire the assets of Nissan’s Rosslyn plant in Pretoria, signaling the end of nearly 60 years of Nissan vehicle assembly in the country.

Trade, Industry and Competition Minister Parks Tau welcomed the announcement of the investment by Chery South Africa in the automotive sector.

The deal will allow Chery to establish a permanent manufacturing footprint in the country. According to a statement by the department, the acquisition by Chery SA is subject to regulatory approvals.

The department’s spokesperson Kaamil Ali, “The announcement comes as the DTIC continues its engagement with the industry to revamp the automotive industry policy and support measures. This acquisition by Chery SA is subject to regulatory approval after which details will be shared with the public. The SA automotive industry remains key anchor industry for manufacturing and job creation. The minister welcomes the commitment by Chery SA to continue working with the DTIC during the implementation phase of the process.”

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