On September 3, 2024, South African President Cyril Ramaphosa visited Shenzhen to discuss economic collaboration with Chinese industry leaders, focusing on BYD, a leading new energy vehicle manufacturer. Ramaphosa expressed interest in BYD’s plans to open a factory in South Africa as part of efforts to strengthen bilateral relations before attending the 2024 FOCAC summit in Beijing.
On September 3, 2024, South African President Cyril Ramaphosa visited Shenzhen, a prominent economic and technological hub in Guangdong Province, China, in preparation for the upcoming 2024 Summit of the Forum on China-Africa Cooperation (FOCAC). Accompanied by key economic ministers, President Ramaphosa engaged with industry leaders, focusing on fostering bilateral business relations. Notably, he toured the headquarters of BYD, a leading manufacturer of new energy vehicles in China, expressing admiration for the company’s advanced NEV technologies and diverse product offerings. During the visit, BYD’s Chairman Wang Chuanfu revealed plans to establish a manufacturing facility in South Africa, seeking necessary policy support from the government. This visit is part of a broader diplomatic mission as Ramaphosa will participate in FOCAC discussions in Beijing later in the week.
The visit of South African President Cyril Ramaphosa to Shenzhen is part of a significant diplomatic effort to intensify economic cooperation between South Africa and China. BYD, recognized as a major player in the electric vehicle sector, has expressed intentions to expand its operations into South Africa, which reflects a growing interest in renewable and sustainable energy solutions within the region. The Forum on China-Africa Cooperation serves as a platform for African leaders to engage with China on a variety of economic and social issues, highlighting the importance of technological advancement and investment in infrastructure to drive regional growth.
President Cyril Ramaphosa’s tour of Shenzhen underscores his commitment to strengthening South Africa’s economic ties with China, particularly in innovation and clean energy sectors. BYD’s potential investment in South Africa could catalyze further technological partnerships and provide substantial economic benefits. The evolving relationship between these two nations emphasizes a collaborative approach toward addressing global environmental challenges while enhancing regional economic development.
Original Source: www.wfmz.com
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