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Chinese EV makers look to Africa as rivalry with US, Europe heats up
Egypt among countries drawing investments from China, with BAIC and Zeekr the latest to announce plans to enter the market.
Chinese electric vehicle makers are opening flagship stores and assembly plants in Africa as they look to expand on the continent and circumvent tariffs and other import restrictions imposed by the US and Europe. State-owned carmaker BAIC Group and Zeekr, Geely Auto’s premium EV maker, have both announced plans to enter Egypt – a key location for companies looking to tap into the Middle East and Africa. Besides meeting domestic demand, the plant will export to other African countries and to the Middle East, taking advantage of Egypt’s location at the junction of Asia, Africa and Europe.
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