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- Africa’s leading markets attract new EV plants
Africa’s leading markets attract new EV plants
Source:Continent Rising
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Aquilastor, a UAE-based company, recently broke ground on a new EV and hybrid plant in Kenya. This is one of the biggest projects in the Mobility Rising monthly Project Tracker. Morocco has new investments in battery materials and control systems, while Egypt’s Mansour Group is targeting an EV factory and Congo is aims to convert fuel vehicles into EVs.
The proposed projects, worth over $305 million, show growing confidence in Africa’s manufacturing potential. It marks a shift from consumption to production on the continent.
Without regional policies to harmonise standards and incentivise local component production, Africa risks remaining a fragmented market vulnerable to foreign supply chain shocks.
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