JOHANNESBURG, Jan 23 – Nissan Motor said it will sell its manufacturing assets in Rosslyn, South Africa, to China’s Chery Automobile as part of a wider turnaround strategy aimed at cutting costs and consolidating global operations.
The Japanese automaker said the transaction value has not been disclosed and remains subject to regulatory approvals. The timing of the sale and its financial impact are still being assessed.
If the deal is completed, production of the Navara pickup truck, currently the plant’s only model, will end in May, a Nissan spokesperson said.
The divestment forms part of Nissan’s global restructuring plan, under which the company is closing or consolidating seven manufacturing plants worldwide. The spokesperson declined to confirm the production capacity of the Rosslyn facility.
Chery said in October that it was exploring options to expand its manufacturing footprint in South Africa, including acquiring an existing plant, forming a joint venture, or building a new greenfield facility.
The potential acquisition would mark a significant expansion for Chery in Africa’s most developed automotive market, while underscoring Nissan’s effort to streamline operations amid financial pressures.
