South African EV Assembly Plant

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Location

South Africa

Sector

Mobility

Stage

Pre-implementation

Overview

Company: SB2 Group

The SB2 Project is a green mobility and industrial initiative focused on vehicle development, local assembly, fleet services, and skills development in South Africa. Based in the Tshwane Automotive Special Economic Zone (TASEZ), SB2 partners with OEMs to enable technology transfer and localisation. The project integrates assembly, logistics, fleet deployment, and after-sales support while supporting national industrialisation goals, expanding local manufacturing capacity, and creating skilled employment through a merSETA-aligned training programme.

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Investment Needs

Over $100 million

Investment Project Type:

PPP

Invested Value to Date:

$38,000

Funding Gap:

$235,234,117

Climate Classification:

Adaptation

Why Investing

Strategic Positioning

SB2 operates in high-growth sectors—electric mobility, fleet services, and localisation— supported by TASEZ incentives and OEM partnerships.

De-Risked Execution

Experienced management, phased rollout, and diversified revenue streams reduce operational and capital risk.

Financial & Development Impact

Scalable revenues with B-BBEE alignment, skills development, and socio- economic benefits appeal to investors.

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