Why China’s EV boom is seen as an ‘unparalleled opportunity’ in Africa

AI Summary

China's electric vehicle (EV) industry is viewed as an unparalleled opportunity by African companies seeking to acquire technology and develop their EV sectors. China leads global EV production and supply chains, driving down costs and improving access to green energy technologies worldwide.

While the US and some European governments view China’s vast production of electric vehicles and green-energy tech as overcapacity, African companies see it as an opportunity to secure EV technology and develop the industry. China is the global leader of the EV industry – it makes nearly 75 per cent of the world’s electric vehicles and dominates the supply chain. Its high production has driven down the cost of EVs, batteries and components, which has improved access to technologies that were...