The world’s third-largest automotive manufacturer by volume will locate its site at the Coega Special Economic Zone in Gqeberha, Eastern Cape.
“This strategy also speaks to the South African industrialization plan, which is a very important tool in helping us achieve our target to produce a million units in the MEA region by 2030 – a factor that will help us attain a 22% market share in this region.” “The new company to house the Stellantis-IDC JV is on track to be registered. The milestones concluded thus far will help to kick start a project that will significantly improve the economic fortunes of the Eastern Cape,” said IDC interim CEO David Jarvis.
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