Changan Auto to invest $80m in South Africa

• Source: Global Times
• [15:07 July 15 2009]
• Comments

Changan Auto Company (Changan Auto) will create over 1,000 jobs in South Africa by investing $80 million and setting up a production facility in the country, according to a company executive.

Wu Xuexong, vice CEO of Changan Auto said the planned facility will have an annual output capacity of more than 50,000 units.

Changan Auto entered the South African market in 2006, and since then has sold more than 7,000 units there.

Agencies and Shi Jierui contributed to this story