Hyperdrive

GWM, Chery Plan Vehicle Plants in South Africa as Demand Soars

A Chery Jetour XWD.Photographer: Wang Zhao/AFP/Getty Images

Chinese automakers Great Wall Motor Company Ltd. and Chery Automobile Co. Ltd. plan to start assembling vehicles in South Africa to meet a spike in demand.

September vehicle sales rose 24% year-on-year to 54,700 and are set to return to pre-Covid-19 levels for the first time in 2025, indicating renewed confidenceBloomberg Terminal in the country’s economic prospects.