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

African companies view China's extensive electric vehicle (EV) production as a significant opportunity, contrasting with the US and some European governments who perceive it as overcapacity. China leads the global EV industry, producing nearly 75% of the world's electric vehicles and controlling the supply chain. This high production volume has led to lower costs for EVs, batteries, and components. Consequently, these technologies are now more accessible to African markets, enabling African companies to secure EV technology and foster industry development.