The CEO of BMW South Africa, Peter van Binsbergen, is championing a collaborative strategy between South Africa and Europe to build a new electric vehicle components supply chain. This proposed alliance aims to reduce the global auto industry’s heavy reliance on China for critical items. As Africa’s largest vehicle manufacturer and an exporter to markets like the UK and EU, South Africa is strategically positioned to become a key player in the EV ecosystem. To achieve this, industry leaders are calling for greater urgency and policy clarity from the government, arguing that individual efforts will not be enough. They warn that the country risks falling behind other nations and losing crucial export markets if it does not adapt quickly.
CNBC Africa
