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Chery Auto opens Rosslyn Plant in South Africa, boosting local jobs and production capacity.

Company Fundamentals
04 Jul 2026
Na
View Source
Bullish
pluang ai news

Chery Auto officially opened its Rosslyn Plant in South Africa, transforming from an importer to a local manufacturer and retaining all 692 employees. The plant, originally built in 1963, will be upgraded to produce 50,000 vehicles annually by mid-2027 and aims for 40% localization by 2028. This move supports Chery's regional hub ambitions and job creation of nearly 3,000 roles in the supply chain. Additionally, Chery launched its new LEPAS brand in South Africa, expanding its market presence with the upcoming LEPAS L6 model.

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Sui mainnet's real TPS peaks near 1,000, not 6 million as viral claims suggest

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Aave's Monad market hits $100M deposits in 2 days, boosting its DeFi presence on a fast new blockchain.

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MARS2 AI competition launches at ECCV 2026 with $100K prize to advance multimodal reasoning in industry.

MARS2 AI competition launches at ECCV 2026 with $100K prize to advance multimodal reasoning in industry.

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Others
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Alibaba bans employees from using Anthropic's Claude Code AI tool starting July 10

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Zcash price rises 13% as Ironwood upgrade nears mainnet launch on July 21

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Zcash is preparing for the Ironwood network upgrade set to launch on July 21, 2026, which will allow node operators to verify the coin's circulating supply directly. This upgrade addresses a critical privacy flaw discovered in the Orchard shielded po...

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