✉news BusinessEconomy first seen 12 h ago, last 12 h ago, peak #34
South Africa to host $3.7bn European EV battery-material facility
Original: Africa’s most industrialised economy set to host key battery-material facility in $3.7bn European EV supply chain
South Africa, the continent's most industrialised economy, is set to host a key battery-material production facility as part of a $3.7 billion European electric vehicle supply chain project. The investment would position the country as a strategic supplier of critical battery components to Europe's growing EV industry, boosting local industry and export prospects.
Why now: A major European EV supply chain investment signals new industrial and export opportunities for South Africa's economy.
South AfricaEuropean Unionelectric vehicle industry
Evidence
- Africa’s most industrialised economy set to host key battery-material facility in $3.7bn European EV supply chain · Business Insider Africa
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