Saudi's Jameel Motors enters South Africa as distributor of Changan cars

Reuters
04-01
Saudi's Jameel Motors enters South Africa as distributor of Changan cars

By Nqobile Dludla

JOHANNESBURG, March 31 (Reuters) - Saudi Arabia's Jameel Motors has signed a deal to distribute China-based Changan Automobile's 000625.SZ SUVs, sedans, pickups and new energy vehicles in South Africa, the companies announced on Monday, their first foray into the country.

South Africa is the largest automotive market in sub-Saharan Africa, with new vehicle sales totalling more than 500,000 in 2024 and growing demand for affordable vehicles with the latest technology.

Changan will become the latest Chinese carmaker to tap the South African market, already home to state-owned Chery Automobile CHERY.UL, BYD 002594.SZ, Great Wall Motor 601633.SS and BAIC Motor 1958.HK, which are counting on their affordable prices to attract buyers.

Automotive distributor Jameel Motors, owned by Saudi Arabia's Abdul Latif Jameel Group, will initially focus on the distribution of Changan and Deepal products. The vehicles are expected to be available for purchase in the fourth quarter, the companies said in a statement.

Changan offers sedans, SUVs and pickup combustion engine vehicles such as the Hunter, while Deepal focuses on new energy vehicles.

The initial ranges that will be launched this year include the electric SUV Deepal S07, SUV CS75 Pro, Hunter pickup truck and the Alsvin sedan.

(Reporting by Nqobile Dludla; Editing by Jan Harvey)

((nqobile.dludla@thomsonreuters.com; +27103461066;))

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10