Stellantis Set to Invest R3bn in New Peugeot Landtrek Bakkie Production Factory in Coega

Multinational carmaker, Stellantis, has announced a monumental R3 billion investment in South Africa's industrial sector, with a primary focus on the automotive division. The colossal initiative is being undertaken in collaboration with the Industrial Development Corporation (IDC) and the Department of Trade, Industry and Competition. The planned investment promises the construction of a high-tech factory in the Special Economic Zone in Coega, Eastern Cape, where the production of completely knocked down (CKD) units of the Peugeot Landtrek bakkie is slated to take place.

In this strategic move, Stellantis aims to build these versatile, high-performance bakkies to cater to both the local South African market and potential international exports. The Peugeot Landtrek bakkie is renowned worldwide for its technological prowess, robust design, and off-road capability, making it an eagerly anticipated addition to South Africa's automotive offering.

The investment signifies a significant boost for South Africa's economy - especially for the Coega region - and will directly reinforce the employment sector, potentially creating thousands of jobs across the supply chain. Moreover, it underlines Stellantis' commitment to sustained development in southern Africa.