·Yutong/Guangzhou Automobile invested in Cameroon to build a market in Africa
On June 12, Cameroon announced that it had successfully signed an agreement with an Indian company and two Chinese companies involving a total of 92 billion CFA francs (about US$ 158 million) to build two car factories in Cameroon. Niobium Metal,Pure Niobium Alloy Crucible,Pure Niobium Metal Cup,Pure Niobium Metal Crucible ZHEN AN INTERNATIONAL CO., LIMITED , https://www.zhenangroup.com
Automobile manufacturers are rare in Africa, and they are unprecedented in Cameroon. In the past, African cars were mostly used cars imported from Europe.
Cameroon’s Minister of Industry and Technology Development, Emmanuel Bonde, said, “India and China’s investment group plans to start an auto assembly shop in Douala and Kribi within three months.â€
The foreign companies that invested in this include India's Azad Coach Automobile Manufacturing Company, China Yutong Group and China Guangzhou Automobile Group – which will be a joint venture investment between the two groups.
The first cars are expected to be completed within 18 months, including trucks, cars and jeep, but Emmanuel Bond said it is temporarily uncertain whether the car will be produced in Cameroon.