Core Viewpoint - Nissan has reached an agreement with Chery South Africa for the acquisition of Nissan's manufacturing assets in Rosslyn, South Africa, which is expected to revitalize the local automotive industry and ensure job security for employees and supply chain stability [2][3] Group 1: Acquisition Details - The agreement stipulates that Chery South Africa will officially acquire Nissan's production facilities in Rosslyn by mid-2026, including land, buildings, and related facilities, ensuring the integrity of production sites and continuity of operations [2] - The acquisition will include the adjacent stamping plant, which is crucial for maintaining production processes [2] Group 2: Employee and Supply Chain Impact - The agreement guarantees that the majority of employees associated with the Nissan Rosslyn base will be hired by Chery South Africa under terms and conditions that largely remain consistent with their current employment [2] - This arrangement aims to protect employees' core rights and mitigate potential job fluctuations during the asset transfer process, reflecting the commitment of both companies to local employees [2][3] Group 3: Future Operations and Market Position - Despite the asset transfer, Nissan will continue to provide vehicle products and related services to the South African market, planning to launch several new models, including the Nissan Tekton and Nissan Patrol, in the 2026 fiscal year [3] - The Rosslyn plant has been operational since 1966 and is Nissan's only production base in South Africa, having produced several iconic models [3] - Chery South Africa has shown strong market performance, ranking among the top SUV brands in South Africa in 2023, which positions the acquisition as a strategic move to leverage both companies' strengths [3]