Absa, NADA sign formal partnership agreement
Absa has taken another step towards becoming the bank of the auto industry by signing a formal collaboration agreement with the National Automobile Dealers’ Association (NADA).
- Industry News
- 4 July 2025
Mercedes-Benz Vans South Africa hopes to be a pioneer in the field of electric mobility solutions for both private and commercial use.
Marinus Venter, Head of Product and Marketing for Mercedes-Benz Vans SA, says: “In 2022, we engaged in several insightful conversations regarding the feasibility of electric vans in South Africa.
“We are excited to share that we are on track to introduce our first electric van in South Africa by our target date. We believe that our electric vans will take locally emission-free transport to the next level in South Africa.”
Internationally, Mercedes-Benz Vans continues to accelerate its electric transformation, with the first nine months of the year seeing a one-third increase in sales of electric vans compared to the previous year, internationally.
The Mercedes-Benz Group’s results indicate third-quarter unit sales reached 104 000 vehicles worldwide, a significant increase in comparison to quarter three of 2021, which saw unit sales reach 88 000 vehicles.
This is in line with the Mercedes-Benz Vans objective to set the standard in sustainable and all-electric transport. In third quarter 2022, Mercedes-Benz Vans and Rivian moved to partner on electric van production by signing a memorandum of understanding to initiate a strategic partnership.
Among other things, the two companies aim to build an all-new electric-only production facility, leveraging an existing Mercedes-Benz site in Central or Eastern Europe. Large electric vans for both Mercedes-Benz Vans and Rivian are expected to roll off the assembly line in just a few years.
Absa has taken another step towards becoming the bank of the auto industry by signing a formal collaboration agreement with the National Automobile Dealers’ Association (NADA).
Chinese automakers are pushing to unlock Africa's underdeveloped potential, with a focus on electric and hybrid vehicles.
Remember a couple of years ago when Xaomi smartphones entered the local market and no one really knew the brand?
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A light on my car’s dashboard came on, and instead of fixing the problem, I waited for the bulb to burn out. Crisis solved.
Jarod Kintz
Absa has taken another step towards becoming the bank of the auto industry by signing a formal collaboration agreement with the National Automobile Dealers’ Association (NADA).
Chinese automakers are pushing to unlock Africa's underdeveloped potential, with a focus on electric and hybrid vehicles.
In today's interconnected automotive market, New Car Assessment Programmes (NCAPs) play a crucial role in determining the safety credentials of vehicles that reach South African showrooms.