Why a tycoon from Kazakhstan wants to partner with China to ride the overwhelming EV wave
Kenges Rakishev, a wealthy Kazakh businessman, is enthusiastic about electric vehicles and sees Kazakhstan as a natural partner for China in the growing EV sector. Rakishev, chairman of Fincraft Group with interests in oil, gas, and mining, owns Chinese EV brands like Zeekr and Hongqi and recently explored Xiaomi's new EV during a trip to China.
Rakishev's interest in EVs reflects his broader investment shift from oil and gas to cleantech, including critical minerals like nickel and cobalt. He believes the West is behind China in the EV race due to China's early efforts in securing supplies of essential materials and its advancements in EV price and quality, positioning Kazakhstan as a key partner for China in this industry.
via SCMP Full Text Feed
Kenges Rakishev, a wealthy Kazakh businessman, is enthusiastic about electric vehicles and sees Kazakhstan as a natural partner for China in the growing EV sector. Rakishev, chairman of Fincraft Group with interests in oil, gas, and mining, owns Chinese EV brands like Zeekr and Hongqi and recently explored Xiaomi's new EV during a trip to China.
Rakishev's interest in EVs reflects his broader investment shift from oil and gas to cleantech, including critical minerals like nickel and cobalt. He believes the West is behind China in the EV race due to China's early efforts in securing supplies of essential materials and its advancements in EV price and quality, positioning Kazakhstan as a key partner for China in this industry.
via SCMP Full Text Feed
