JAC Motors launches electric truck in South Africa

• South Africa is experiencing increased demand for EV trucks - whose operational costs are up to 80% cheaper - across all sizes. The X200 EV is targeted at companies that need smaller, cost-effective trucks than JAC’s larger existing EV trucks.

• EV truck manufacturers are expanding their range of options to give buyers more choices amid increased competition. In South Africa, JAC’s main rivals in electric logistics solutions are Foton and SAIC.

• Our take: The electric cargo vans and trucks market segment in South Africa is likely to grow faster than electric passenger cars as cost savings for logistics companies are larger… Read more (2 min)

Bolt Kenya electrifies half its motorcycle fleet

• Motorcycle taxis constitute the most prevalent ride-hailing service across the continent. They offer higher profit margins, as they charge lower fares compared to internal combustion engine (ICE) motorcycle taxis and present more affordable leasing and acquisition options.

• The surge in credit financiers across Africa is anticipated to further accelerate the adoption of electric motorcycles. These financiers provide low initial deposits and ongoing after-sales support.

• Our take: The competitive drive between Bolt and Uber to electrify their fleets is poised to stimulate local e-motorcycle manufacturing and assembly within Africa. .. Read more (2 min)

China’s Rox Motors picks West Africa EV distributor 

• There's increasing interest in EVs across Africa, including the luxury segment. Luxury SUVs, in particular, appeal to affluent consumers seeking a combination of performance and comfort.

• Automakers are currently testing the level of demand for these luxury EV options to grow sales at a time when competition in this segment in their main markets such as the US, Europe, Middle East and Asia is stiff.

•  Our take: Niche EV manufacturers like ROX are likely to outpace mass-market automakers in Africa… Read more (2 min)

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