According to exact news, the four major domestic automobile companies - Great Wall Motors Holding Co., Dongfeng Motor Group, Chery Automobile Co., Ltd. and Guangzhou South China Motorcycle Industry Co., Ltd. have drafted an agreement over the weekend to decide to unite Ghana and the local large-scale enterprise Sneda Automotive Co., Ltd. in Africa. The company set up a joint venture to establish a production base for automobiles to produce trucks, motorcycles, Chery cars, pickup trucks and wagons in the form of CKD (Assembly Parts).
According to relevant persons from Guangzhou South China Motorcycle Industry Co., Ltd., the four companies will go to Ghana and Sneda Automobile Co., Ltd. this month to continue to discuss detailed investment conditions. At present, the agreement is still in a confidential phase, so all parties have evaded the situation. However, this is the first time that domestic auto companies set up factories overseas. It is expected that the amount of investment will be high.
According to reports, the Gennana Sneda Automobile Co., Ltd., a joint venture with the top four domestic companies, is currently the local distributor of export products of Chery Automobile, Great Wall Motors and Guangzhou Huanan Motorcycle Industry Co., Ltd., and its strength is quite strong. The company's director and local representative David B. Ansah said in Accra, Ghana, a few days ago that China’s Big Four auto companies have listed a series of models in Ghana, including Dongfeng trucks, Fym motorcycles for South China Motorcycles, Chery cars, and Great Wall pickups. Wagon.
It is understood that Chinese cars are popular in Ghana due to their advantages of being cheap, durable, and suitable for local terrain conditions and compact dimensions in Ghana. Therefore, under the premise of huge market demand, these companies decided to jointly build a production base in Ghana in order to save costs and expand African market share.
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