Beijing Auto to set up car factory in South Africa

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Beijing Auto has set up a joint venture in South Africa to assemble minibuses. Beijing Automotive and South Africa’s Industrial Development Corp (IDC ) invested 41 million yuan ($6.53 million) to set up a joint venture, known as BAW SA, with the two companies holding 51 percent and 49 percent stakes, respectively.

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The joint venture will produce minibuses with 16 seats, which will be used for taxis and will compete with Toyota’s minibus model Quantum. BAW SA will transform a telephone factory into a SKD parts assembly plant, with an annual production capacity of 9,600 vehicles. It will expand the factory with an additional investment of 1.4 billion yuan.

The joint venture has signed a cooperation agreement with the South Africa National Taxi Council.

The vehicle BAW will make is the INYATHI minibus (pictured above), which is now CKD-imported by South African company China Auto Manufacture (CAM).

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Via: ChinaDaily, BizzCommunity.

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