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Guangzhou Yondway New Energy Technology Company Limited, a Chinese firm has announced its plans to set up an electric manufacturing plant in Zambia which will be making electric-driven equipment such as vehicles and motorbikes. Director, Sunny Luo explained that her delegation is in the country to explore prospects in new energy products in African countries and Zambia inclusive.
Guangzhou Yondway New Energy Technology Company Limited, a Chinese firm has announced its plans to set up an electric manufacturing plant in Zambia which will be making electric-driven equipment such as vehicles and motorbikes. Director, Sunny Luo explained that her delegation is in the country to explore prospects in new energy products in African countries and Zambia inclusive.
She said once the plant is established, the country will be able to supply the products to neighboring countries such as Malawi, the Democratic Republic of Congo, Zimbabwe, and Tanzania among others. Luo urged the Zambian government to support its investment by giving them land where the factory could be established.
The company wants the government to support its investment, not only by giving land where the plant will be set up but also by putting up a policy that will protect such investments. Whatever will be produced at the factory will be Zambian-made. Therefore, it wants the government to come up with policies that will protect its investment.
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Zambian Minister of Commerce, Trade and Industry, Chipoka Mulenga who welcomed the delegation said he hopes that preparations to set up the factory will commence before the end of this year. Mulenga said it would be good for Zambia to start producing the first-ever electric-driven equipment that will be exported to other countries. Setting up a plant in Zambia resonates well with the government’s agenda of embracing Public Private Partnerships (PPP) thereby improving the lives of Zambians through job creation.
