Market Chatter: Chery Automobile, GWM Planning Car Assembly Plants in South Africa to Meet Demand

MT Newswires Live

10/06

Chery Automobile (HKG:9973) and Great Wall Motor (HKG:2333, SHA:601633) are planning to begin car assembly in South Africa to meet demand, Bloomberg reported Friday.

Chery, which recently went public in Hong Kong, expects to decide on a complete knock-down plant within the next three to six months, the chief executive of the company's South Africa unit, Tony Liu, reportedly told Bloomberg.

Meanwhile, GWM is in talks with local assemblers to begin joint manufacturing of pick-ups, the COO of the firm's local unit reportedly said in an interview.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"601633","symbol_name":"長城汽車","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2573164025","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2573164025","pubTimestamp":1759716220,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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