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

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