Category: Business
Chinese Car Brands Pulling Ahead in South Africa
Chinese car brands like Chery and Haval are outselling traditional favorites like Mercedes Benz and Ford in the South African market. Both brands sold more than a thousand cars in July, far beyond Western competitors. Read more on the News24 ...
Thai Electric Vehicle Subsidy Draws Chinese Giant
The Chinese electric vehicle giant BYD will set up its first production facility in Thailand. The move is expected to put pressure on other manufacturers who are also foregrounding Thai business due to a coming government subsidy expected to boost ...
How Transsion Hit the Mobile Jackpot in Africa
The Chinese mobile phone maker Transsion hasn't sold a single phone in China. Yet it posted a $580 million profit last year, largely based on its success in Africa. Through its Itel, Tecno, and Infinix brands, the company currently occupies 47% ...
New Chinese Electric Vehicles Roll Off the Assembly Line in Indonesia
China's ambassador to Indonesia, Lu Kang, led a launch ceremony on Monday for the new Wuling Air EV that began to roll off a billion-dollar local assembly in the central industrial city of Cikarang. The new factory has a modest production capacity ...
A Picture Many Thought They’d Never See
Kenyan avocados are finally available to local distributors at the Shanghai Huizhan Fruit and Vegetable Wholesale Market. It took years and years of negotiations for this to happen. (PRODUCE REPORT)
First Ford, Now Tesla Signs Major EV Battery Deals With Chinese Suppliers
The United States government's long-held goal to weaken China's dominance in the strategically important electric vehicle battery sector suffered another setback on Monday when Tesla announced two multi-year deals to source batteries from two of China's largest suppliers. Tesla signed agreements ...
Nigerian Automotive Magnate Diana Chen Wants to Assemble Cars in the DR Congo
Diana Chen, head of the Nigeria-based automotive group CIG Motors Limited, together with the DR Congo's Minister for Trade Julien Paluku announced a new deal to assemble cars in Kinshasa's Maluku Special Economic Zone. CIG will reportedly build the new ...
What the Redwood Business is Like in Africa – Risky But Worth It
Although the world is aware of the Chinese private sector’s growing influence in African markets, there is rarely any information on Chinese people’s experience being an entrepreneur on the continent. The Congo Online WeChat Account (微信公众号 刚果在线) - a WeChat channel ...
China, Kenya Cut the Ribbon on Hugely Important Infrastructure Financing Experiment
Kenyan President Uhuru Kenyatta, together with Ambassador Zhou Pingjian, officially commissioned the $650 million Nairobi Expressway on Sunday. The project is gearing up to be the most important infrastructure financing test underway in Africa today. The 27-kilometer expressway was built and ...
Why This New Chinese Cement Factory in Tanzania is So Important
Chinese cement major Huaxin broke ground this week on a new factory in Tanzania that is likely being seen as an important milestone for Chinese construction engagement in Africa. African stakeholders have long been frustrated that Chinese contractors import a lot ...
While the U.S. Government Wants to Reduce Dependence on Chinese EV Battery Makers, Ford Motor Has Other Plans
The Ford Motor Company announced a number of important deals with major Chinese mining and battery manufacturers to bolster the supply chain of critical resources needed to power its new line-up of electric vehicles. NICKEL: The U.S. auto giant
What Transsion Did in Africa’s Mobile Phone Market, Chinese Device Maker Realme is Doing in India
The Chinese brand RealMe isn’t well known in China, but it managed to zoom to the number 3 position in India’s notoriously competitive mobile phone market. With a 16% market share, the company is now only behind Samsung (20%) and China’s Xiaomi (23%.) ...