DRC SETS SIGHTS ON ELECTRIC BATTERY VALUE CHAIN IN GLOBAL EV MARKET
The Democratic Republic of Congo (DRC) is poised to become a key player in the global electric vehicle (EV) market, with projections indicating a substantial growth from $370.86 billion in 2021 to a staggering $1,298.32 billion by 2027, according to Bloomberg.
To solidify its position, the DRC recently hosted a workshop on electric battery value chains, in collaboration with the Congolese Battery Council (CCB) and the US Department of State.
Minister Nicolas Kazadi stressed the importance of a cross-border and regional approach, highlighting the need for cooperation with neighboring countries like Zambia in the electric battery value chain.
Despite being a major cobalt producer, the DRC aims to transition from being merely a supplier of raw materials to a participant in the entire electric battery value chain. This endeavor aligns with the global shift toward electric mobility and green energy solutions.
Dénis Lecouturier, Director General of the CCB, emphasized the early stages of this ambitious project and refrained from providing a specific timeline for the DRC’s first electric battery deliveries to market.
Abigail Wulf, Vice President and Director of SAFE, highlighted the importance of collaboration among the DRC, Zambia, and the United States to establish a sustainable battery value chain, addressing infrastructure challenges for in-country transformation.
While the pre-feasibility study estimated a requirement of $30 billion to establish an electric battery production plant in the DRC, the lack of essential infrastructure remains a significant hurdle. Despite these challenges, the DRC is committed to realizing its potential in the burgeoning EV market.
