Johannesburg, South Africa (25 March 2025) — At the Future Energy Storage Exhibition in South Africa, CNBM South Africa Co., Ltd., a subsidiary of China National Building Materials Group, and Geely Auto South Africa Co., Ltd., a subsidiary of Zhejiang Geely Holding Group, officially signed a Strategic Cooperation Framework Agreement for South Africa’s New Energy Transition.
By uniting their capabilities, these two leading enterprises will establish a firm foothold in the South African market and strengthen their presence in the new energy sector. Through full value-chain collaboration, they aim to fast-track the country’s transition toward cleaner energy, electrified mobility, and localised industrial development.
This partnership aligns closely with South Africa’s national energy transition strategy and actively supports the Belt and Road Initiative’s green development vision. Both parties will draw on their respective strengths: CNBM South Africa brings expertise in photovoltaic and energy storage solutions, alongside local engineering and distribution capabilities; Geely South Africa contributes new energy vehicles and vehicle-to-grid (V2G) technologies. Together, they form a highly complementary partnership.
An Integrated New Energy Ecosystem
With South Africa as the core market and a reach extending across Southern Africa, the two companies will jointly develop an integrated ecosystem encompassing “new energy vehicles + solar and energy storage + charging infrastructure + green supply chain.” This collaboration aims to set a benchmark model for enterprises expanding overseas — serving Africa while sharing responsibility for sustainable development.
Full Value-Chain Cooperation
Under the agreement, both parties will pursue pragmatic cooperation across the entire new energy value chain. Key areas include coordinated development of new energy vehicles and charging infrastructure, implementation of integrated solar-storage-charging solutions, and the joint development of localised supply chains. Together, they will promote complementary strengths, mutual benefit, and shared success while fulfilling their environmental and social responsibilities.
Advancing Localisation
As a key enterprise deeply rooted in South Africa, CNBM South Africa has long been committed to integrating advanced green energy technologies with local market needs. This strategic partnership with Geely South Africa marks a significant step in expanding CNBM South Africa’s full-scenario applications in the new energy sector and advancing its localisation strategy.
Looking ahead, CNBM South Africa and Geely South Africa will work hand in hand to accelerate the country’s clean energy transition through practical collaboration, injecting strong momentum into South Africa’s sustainable development.