The Stellantis Group is expanding in all directions, trying to establish itself where the markets have the greatest potential for development in order to ensure sustainable growth. To this end, the Group has just signed a Memorandum of Understanding to manufacture cars in South Africa.
Stellantis is pleased to announce that it has signed a Memorandum of Understanding (MoU) with the Industrial Development Corporation (IDC) and the Department of Trade, Industry and Competition (DTIC) for the development of a manufacturing facility in South Africa. The signing ceremony took place in the office of Mr Ebrahim Patel, Minister of Trade, Industry and Competition, in the presence of Mr TP. Nchocho, CEO of IDC, Mr Samir Cherfan, Chief Operating Officer of Stellantis Middle East and Africa and Mr Leslie Ramsoomar, CEO of Stellantis South Africa.
Mr Ebrahim Patel, Minister of Trade, Industry and Competition said, "I am delighted that Stellantis has chosen South Africa to expand its industrial presence. Stellantis is a major global automotive manufacturer with a number of prestigious brands. South Africa is a prime destination for investment and has significant automotive manufacturing capacity. We look forward to working closely with Stellantis to enable them to establish a plant that will expand our industrial production and create local jobs."
For his part, Mr Samir Cherfan, Stellantis Middle East and Africa Chief Operating Officer, said: "This is an important step in our Dare Forward 2030 strategic plan, which aims to strengthen our leadership in the Africa Middle East region and enable us to become a major player in South Africa. This production facility in South Africa will be a new element in our industrialisation strategy to sell one million vehicles in the region by 2030, with 70% regional production autonomy, and will bring us closer to our customers - and their needs - in the region. "
The plant is expected to be built in a South African special economic zone (SEZ) and is expected to be completed by the end of 2025. The group did not specify which brand and models would be built at the South African plant. .