In a significant move, BYD, the Shenzhen-based EV giant, is entering Rwanda, expanding its global electric car market presence. This signals a broader effort by Chinese manufacturers, including Geely, SAIC Motor, and others, to drive EV adoption in African countries like Kenya, Nigeria, Egypt, and beyond.
China's EV dominance is evident as it unseats Japan as the world's largest auto exporter, capturing a quarter of its 2.3 million vehicle exports being electric. With projections indicating a doubling of Chinese automakers' global market share by 2030, Africa emerges as a crucial player in the future of the EV value chain, emphasized by the President of the African Development Bank. 🌍🔌🚀
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