www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Auto Global

BAIC invests in major South African plant

By Zhong Nan (China Daily) Updated: 2016-05-04 06:56

BAIC invests in major South African plant

Xu Heyi, chairman of Beijing Automotive Industry Holding Co. [Photo/IC]

At $773 million, it will be the single-largest Chinese investment in the whole of Africa

Beijing Automotive Industry Holding Co, one of China's largest automakers in terms of sales, plans to produce up to 100,000 vehicles at its new manufacturing base in South Africa in 2018, the company's chairman said on Tuesday.

Scheduled to break ground next month and begin production in November 2017, the Port Elizabeth plant will be the single-largest Chinese investment in all of Africa.

With a 5-billion-yuan ($773 million) investment from BAIC, the plant will be operated as a joint venture with Industrial Development Corp, a South African financial company providing capital for various projects.

Xu Heyi, the group's chairman, said continued investment in infrastructure development will be key for the company's sustained growth in Africa over the next decade as consumers there are keen to buy easily serviceable and inexpensive vehicles.

Buoyed by the surging demand for new vehicles in Africa, BAIC established a minibus assembly plant that employs more than 500 people in Springs, also in South Africa, in 2013.

"We will continue to invest in our South African factories and an assembly plant in Nairobi, Kenya, to make pickups and light trucks," said Xu.

"Having factories in Africa will help the company move closer to the market and avoid it paying duties of up to 25 percent."

BAIC's new manufacturing base will produce passenger vehicles, sport utility vehicles, minivans and vans. It will create 2,500 jobs directly, and more than 10,500 jobs indirectly. At its full capacity, the plant will generate an industrial added value of 12.4 billion yuan for vehicles and 6.2 billion yuan for parts.

"More than 50 percent of the plant's products will be exported to contribute a trade volume of about 6.2 billion yuan to South Africa," said Xu.

BAIC invests in major South African plant

A visitor to the 2016 Beijing International Auto Expo, which was held last month, examines a new-energy vehicle made by Beijing Automotive Industry Holding Co. [Photo/Xinhua]

Zhao Ying, a researcher at the Institute of Industrial Economics of the Chinese Academy of Social Sciences in Beijing, said in most African countries, where new vehicles are beyond the reach of most people, secondhand vehicles command a large share of the market. The proportion is about 70 percent in most Sub-Saharan countries such as South Africa, Ghana, Ethiopia, Angola and Kenya, Zhao said.

"The disadvantage of such a big secondhand market is that the brand life of some cars can be as long as 20 years, and anyone with one of the old models can face problems in obtaining spare parts."

For instance, Japanese carmakers including Toyota Motor Corp and Nissan Motor Co, the main source for secondhand vehicles in Africa, have stopped producing spare parts for some models from the 1990s.

BAIC managed to sell 40,000 vehicles in global markets through its 24 overseas plants and 124 sales branches in 37 countries by the end of 2015.

As China and other partners are accelerating the pace of the ongoing negotiations to upgrade the China-ASEAN Free Trade Agreement, Xu from BAIC said the company will add more products in its manufacturing base in Ruili of Yunnan province by the end of 2017 to compete with other established global rivals in the markets of Southeast Asia.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 久久99亚洲精品久久久久 | 亚洲精品国产三级在线观看 | 91理论片午午伦夜理片久久 | 国产日韩欧美综合一区二区三区 | 国产成人综合久久精品红 | 国产成人久视频免费 | 国产精品美女视视频专区 | 国产在线观看91精品一区 | 性久久久久久久久 | 国产情侣普通话刺激对白 | 亚洲精品久久久久综合中文字幕 | 综合网自拍 | 亚洲欧洲一区二区 | 美国黑人特大一级毛片 | 特黄女一级毛片 | 一区二区三区免费精品视频 | 91久久| 毛片一级做a爰片性色 | 色偷偷亚洲男人天堂 | 成人久久精品一区二区三区 | 欧美在线一级精品 | 一级一级特黄女人精品毛片 | 午夜mm131美女做爰视频 | 视频一二三区 | 在线观看日本www | a国产成人免费视频 | 91在线精品亚洲一区二区 | pgone太大了兽王免费视频 | 亚洲视频网站在线观看 | 99久久久免费精品免费 | 另类专区另类专区亚洲 | 97视频在线视频 | 俺来也俺来也天天夜夜视频 | 日韩精品久久久免费观看夜色 | 久久er国产精品免费观看1 | 免费观看性欧美毛片 | 一级做a爰片久久毛片唾 | 91国高清视频| 久久这里只有精品视频99 | 国产精品久久久久精 | 欧美日韩亚洲高清不卡一区二区三区 |