Chinese electric vehicle auto brands-many of which have been in operation for over ten years-are shifting their focus to Africa as an alternative market as they shy away from high import tariff regimes in Europe, the US, and Canada.
Africa is becoming a new market for Chinese electric vehicle auto brands as trade frictions loom between Beijing and Europe, the US and Canada, with the import of heavily subsidised Chinese-built EVs in the crosshairs of market regulators.
In mid-June, the European Commission announced an increase in tariffs to 38.1% on imports of Chinese-built green vehicles. The Commission argued that these vehicles benefit from Chinese government subsidies, infringing on fair competition in the European common market.
The US and Canada have also raised concerns over Chinese government subsidies and proposed even higher- 100%-tariffs on Chinese-made EV imports .
Now, Chinese EV makers are turning to Africa as their best alternative market- ramping up their push into the continent through expanding dedicated stores to more countries and partnerships with local companies to venture into the market.
