Battery market leading charge
lar in Africa, not by giving lectures but by taking a series of concrete actions to help the continent realise durable peace and self-sustainable development.
China has for the past nine consecutive years remained Africa’s largest trade partner and the country is aggressively investing in infrastructure, manufacturing and telecommunications in the continent.
Songtian said the US was making an excuse for itself by accusing China of creating a debt crisis in Africa while it was not prepared to contribute enough capital to help Africa build its infrastructure.
Songtian said China was a newcomer in Africa and could not be accused of looting the resources and exploiting people, saying that Western countries, except for China, have long been doing as they like with African resources because they were not investing anything in African development. He said the amounts taken in taxpayers’ money by Western governments far exceeded China’s, yet they had no visible projects to show in Africa.
“China is a newcomer in Africa. Africa’s oil and mineral resources have long been explored and exploited, controlled and monopolised by Western countries,” he said.
Songtian said that Chinese businesses in Africa adhered to President Xi Jinping’s pledge to maintain relations based on principles of sincerity. – ANA THE global automotive battery market size is expected to reach $95.57 billion (R1.1 trillion) by 2025, registering a compound annual growth rate of 7.9 percent during the forecast period, Grand View Research (GVR), a leading US market research firm, reported on Monday. Large-scale availability of batteries in various sizes and specifications alongside high electric current levels is expected to drive the market over the forecast period, said GVR, a San Franciscobased market research and consulting firm. The report said sealed lead-acid batteries, relatively cheap when compared with other types, can be manufactured with lower technology equipment and are thus projected to keep their demand high through 2025. In addition, sodium-ion batteries, the direct replacement of lithium-ion batteries, are anticipated to gain tremendous popularity. – Xinhua