China Auto Company Investing $819M in South Africa Plant
Beijing Automotive International Corp. (BAIC) signed an agreement to build a new automobile manufacturing facility in a Port Elizabeth, South Africa industrial development, multiple news outlets reported.
The move by the Chinese state-owned auto maker represents the largest investment in the African continent’s automotive sector in four decades, a CNBC Africa report noted.
“The size of this investment.... Read more »
Posted on : Tuesday , 30th August 2016