China Makes Biggest South Africa Auto Investment in 40 Years

  • BAIC to build facility with capacity of 100,000 units a year
  • Project to cost 11 billion rand; South Africa’s IDC is partner

A Chinese state-owned car manufacturer agreed to build an 11 billion-rand ($759 million) auto plant in South Africa, the biggest investment in a vehicle-production facility in the country in four decades.

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