BAIC’s investment into South African vehicle assembly project bolstering bilateral investment

Chinese vehicle manufacturer Beijing Automotive Group’s (BAIC’s) decision to invest in a vehicle assembly plant, in the Coega Industrial Development Zone (IDZ), near Port Elizabeth, could help drive further investment by Chinese firms in South Africa. This is according to South African Embassy in Beijing economic counsellor Thandukwazi Nyawose, who, this week, pointed out that the BAIC project was the largest Chinese investment in South Africa to date.