November 29, 2012 by Joey Wang
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.
July 8, 2012 by Joey Wang
Chinese automaker China FAW Group Corporation will broaden its market in South Africa and Russia through exporting technology and capital, an official of the company said on Friday. China FAW (First Automobile Works) Group Corp has invested 500 million yuan ($78.54 million) to establish a plant in South Africa in March this year, which will produce 5,000 trucks a year, according to Xu Jianyi, chairman of the company.