https://www.engineeringnews.co.za
Automotive|Export|Industrial|Manufacturing|PROJECT|Equipment|Manufacturing
Automotive|Export|Industrial|Manufacturing|PROJECT|Equipment|Manufacturing
automotive|export|industrial|manufacturing|project|equipment|manufacturing-industry-term

Feasibility study on Stellantis plant to inform IDC on its contribution

6th October 2023

By: Irma Venter

Creamer Media Senior Deputy Editor

     

Font size: - +

The State-owned Industrial Development Corporation (IDC) says the bankable feasibility study for the proposed multibillion-rand Stellantis vehicle assembly plant, in Coega, in the Eastern Cape, is under way.

The project is a joint venture (JV) between Stellantis and the IDC.

IDC spokesperson Tshepo Ramodibe says the outcome of the feasibility study will inform thecorporation on its contribution to the JV.

“We are currently exploring our participation in the project. We are working closely with Stellantis to determine the extent of our participation in this project.”

Ramodibe says the project “aligns with IDC’s intent to drive investment that supports the development of the regional automotive value chain”.

“Other than BAIC, we have not taken any form of equity in recent years in a large-scale automotive original-equipment manufacturer (OEM, or vehicle maker). “However, we remain open to funding all levels of the automotive industry – both OEMs and component manufacturers.”

The BAIC plant, for the Chinese manufacturer, is also in Coega, but is not yet in production.

Stellantis announced last month that it would invest R3-billion to develop a greenfield manufacturing facility in Coega, along with the IDC and the Department of Trade, Industry and Competition.

The manufacturing plant is scheduled for completion by the end of 2025.

The first vehicle to be built, planned for early 2026, is a one-ton bakkie, with volumes expected to reach up to 50 000 units a year for the local and export markets.

The plant’s capacity, as determined by space and the paint plant, is 90 000 units a year.

Edited by Martin Zhuwakinyu
Creamer Media Senior Deputy Editor

Comments

 

Showroom

Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 12 April 2024
Magazine round up | 12 April 2024
12th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.311 0.372s - 171pq - 2rq
Subscribe Now