BAIC invests in major South African plant

At $773 million, it will be the single-largest Chinese investment in the whole of Africa

Beijing Automotive Industry Holding Co, one of China's largest automakers in terms of sales, plans to produce up to 100,000 vehicles at its new manufacturing base in South Africa in 2018, the company's chairman said on Tuesday.

Scheduled to break ground next month and begin production in November 2017, the Port Elizabeth plant will be the single-largest Chinese investment in all of Africa.