Willowvale Motor Industries reopens following deal with Chinese company, venture expected to produce 3 000 units in 3 years & create 5 000 jobs

Willowvale Motor Industries (WMI), which had been shut for the last five years, officially resumed operations yesterday following a joint venture with a Chinese firm, Beijing Automobile International Corporation (BAIC) and Astol Motors to assemble locally a new range of pick-up trucks.

The deal will see WMI assembling 3 000 units in three years, which will create 5 000 jobs and generate millions in taxes, with $1,3 million in Value Added Tax expected to be generated this year alone. The partnership has resulted in the formation of Beiqi Zimbabwe, a joint venture between BAIC, WMI and Astol Motors. Pick-up trucks that will be put together at WMI are called BAIC Great Tiger.

More: Herald

 

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