Africa's critical minerals – the battery chickens of the EV sector? esi-africa.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from esi-africa.com Daily Mail and Mail on Sunday newspapers.
More than 1,000 years ago, an overland trading route starting from present-day Xi'an, Shaanxi province, transported silk and porcelain during the Tang Dynasty (618-907) to West Asia and Europe. Today, the Silk Road still exists, but its cargo has evolved to new energy products, with electric vehicles leading the charge.
China's auto industry had no overcapacity problem in the recent past and even now automakers have to incentivize component companies to increase their production capacity to meet the soaring domestic demand, said executives from leading vehicle manufacturers at a recent gathering organized by the China Public Diplomacy Association.