Home›Global Markets›Emerging Markets›African EV firms see China’s EV overcapacity as an opp…

African EV firms see China’s EV overcapacity as an opportunity

The article says Chinese makers are investing in local assembly and battery supply chains across African countries, rather than relying only on finished vehicle exports.

Reported · Written up by our desk · Emerging Markets

South China Morning Post reports that while some US and European governments see China’s large scale electric vehicle and green energy production as overcapacity, many African companies view it as a chance to secure EV technology and help build local industry.

The outlet cites that China produces nearly 75.0% of the world’s electric vehicles and dominates much of the supply chain. It adds that Chinese firms are investing in assembly plants and battery supply chains in multiple African countries, rather than only exporting completed cars.

According to SCMP Economy, Spiro founder and chairman Gagan Gupta said African businesses can cut costs and gain access to proven technology. Gupta framed the situation as a perceived Western surplus turning into cost optimization and technology access in Africa.

More like this

Sources