Nissan to Sell Plants in South Africa to China's Chery -- Update

Dow Jones01-23 17:16

By Kosaku Narioka

Nissan Motor has agreed to sell its plants in South Africa to Chinese automaker Chery Automobile as part of restructuring efforts.

The Japanese automaker said Friday that it would sell a manufacturing plant and a stamping plant in Rosslyn, South Africa. It didn't disclose the sale price.

Nissan said the majority of affected Nissan employees would receive employment offers from Chery that have substantially similar terms to current ones.

The Japanese company said that it would continue to offer vehicles and services in South Africa.

Nissan said the sale of the plants is expected to be completed in mid-2026, subject to certain conditions, including regulatory approvals.

The Japanese automaker has taken a series of restructuring steps over the past year, including a sale of its headquarters, to cut costs and address weak sales.

Nissan has said it would slash 20,000 jobs over the four years through March 2028. It also plans to reduce annual global production capacity--excluding in China--to 2.5 million vehicles from 3.5 million and manufacturing sites to 10 from 17.

Meanwhile, Chinese automakers like Chery have been trying to boost exports and manufacture abroad as competition remains fierce in their home market.

Write to Kosaku Narioka at kosaku.narioka@wsj.com

(END) Dow Jones Newswires

January 23, 2026 04:16 ET (09:16 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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It didn't disclose the sale price. \n\n\n  Nissan said the majority of affected Nissan employees would receive employment offers from Chery that have substantially similar terms to current ones. \n\n\n  The Japanese company said that it would continue to offer vehicles and services in South Africa. \n\n\n  Nissan said the sale of the plants is expected to be completed in mid-2026, subject to certain conditions, including regulatory approvals. \n\n\n  The Japanese automaker has taken a series of restructuring steps over the past year, including a sale of its headquarters, to cut costs and address weak sales. \n\n\n  Nissan has said it would slash 20,000 jobs over the four years through March 2028. 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