South Africa Looks to Attract Chinese Firms to Its $27-Billion EV Industry

South Africa’s recently adopted tax breaks for electric vehicle production have already piqued the interest of three Chinese EV manufacturers to invest in new-energy vehicles in the African country, an official at the local automotive association told Bloomberg. Three car makers from China have already signed non-disclosure agreements with the South African Automotive Business Council, its CEO Mikel Mabasa told the newswire in an interview published on Friday. Mabasa did not elaborate on which these automakers are. South Africa now has as…

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