Chinese automaker Beijing Automotive Industry Corporation (BAIC) on Tuesday rolled the first car off production line in its South African plant near the car export hub of Port Elizabeth.

 

中国汽车制造商北京汽车工业控股公司周二在南非工厂的第一辆汽车驶下生产线，该工厂坐落于汽车出口港伊丽莎白港附近。

 

The plant is a joint¹ venture between BAIC and South Africa's state-owned Industrial Development Corporation (IDC), with planned investment of 800 million U.S. dollars and expectation to build 50,000 cars annually².

 

At the ceremony to celebrate the event, Xu Heyi, chairman of BAIC, described the relationship between South Africa and China as one of "golden cooperation," which ensures the realization³ of prosperity through BRICS cooperation.

 

"We should make full use of our opportunities ahead and comparative advantages to reach a win-win situation," said Xu.

 

"By working together, our countries are demonstrating the value that closer ties and greater cooperation can deliver," said IDC Chairperson Busi Mabuza. 

 

The plant, located in the Coega Special Economic Zone, was launched in August 2016 and is expected to have the capacity of assembly, painting and welding by the end of 2019.

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