First cars made in Angola to go on sale this year

16 October 2007

Luanda, Angola, 16 Oct – The first cars manufactured in Angola will arrive on the market later this year, a representative of the Chinese company involved has said.

Wu Hu Ming, sales and marketing representative of CGS Angola, told the Jornal de Angola newspaper on Monday that 45 Angolans have traveled to China for training in various areas of mechanics in a course led by technical instructors from the Zheng Zhou Nissan Automobile company.

Wu said Angola’s vehicles market is favorable to investment and a month ahead of the start-up of the Chinese company’s Angolan auto venture, 2,800 cars have been ordered, surpassing monthly production of an estimated 2,500 vehicles.

Thus the plant will generate sales of US$ 72.8 million, on the basis of an average vehicle price of US$ 26,000. The cheapest model will cost US$ 24,000 and the most expensive US$ 32,000.

With capacity to produce 30,000 vehicles a year the plant will initially employ 300 Angolan workers who will be trained by Chinese engineers.

With investment of US$ 30 million the car plant will make use of Japanese technology. China International Fund is behind the venture and has created an Angolan subsidiary, CSG Automovel-Angola.

The new factory will make vans, SUVs, multi-use passenger vehicles and buses of various sizes. CSG will have a nationwide distribution network in Angola. Dealers are currently being recruited and companies in some neighboring states have expressed interest in marketing vehicles. (macauhub)