Ford's South Africa unit to pour $281 million into hybrid vehicles production – Business Insider Africa

Alongside this investment, the company has called on the government to expedite the formulation of an electric vehicle policy.

South Africa’s automotive industry contributes significantly to its economy, constituting 5% of the gross domestic product and providing employment to over 100,000 people.

The industry primarily exports three-quarters of the vehicles it manufactures, with European nations being the primary recipients of these exports, Reuters reported.