Chinese automaker Chery has finalized the acquisition of Nissan's plant in Africa, a strategic move that underscores the shift of Chinese carmakers from exporting to building local production bases. This is part of Chery's expansion plan to meet the rising demand for electric vehicles in the region.
The acquisition comes as Chinese automakers are making major bets on Africa, viewing it as one of the last growth frontiers for the global automotive industry. Growth drivers include rapid urbanization, an expanding middle class, and supportive policies from regional governments.
According to experts, shifting from exports to local production helps Chinese automakers cut logistics costs, avoid import duties, and quickly adapt to local market needs. With the new plant, Chery can produce electric vehicles at more competitive prices, aligning with the clean energy transition pursued by many African nations.
This is not the first Chinese automotive deal in Africa, but acquiring a plant from a major player like Nissan signals the depth of commitment and long-term ambition of Chinese manufacturers in this emerging market.
