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President Hakainde Hichilema says Zambia is heavily stressed with petroleum bills which had contributed to pushing the cost of living high.
Hichilema said the new dawn administration’s intention was to gradually migrate to electrical vehicles especially for public service transportation.
The Head of State said this through his official social media handle on Monday after touring Build Your Dream (BYD) in China, a company that is among the world’s largest electric vehicle manufacturers, by volume of sales.
He said these innovations would equally reduce vehicle emissions and help addressing environmental challenges as the country deals with climate change.
“Through their Chairman and founder, Wang Chuanfu, we invited BYD to consider investing in Zambia that has the right mineral resources necessary for producing their components,” Hichilema said.
He said government was determined to make Zambia an industrial hub by value addition to the country’s minerals and create jobs and business opportunities for Zambians.
Hichilema said government was further looking forward to exciting and mind stimulating opportunities for Zambians, especially the young people wanting to venture into engineering.
“BYD has a workforce of 700,000 people, with 70,000 being engineers. Their policy is for each engineer to innovate a new project or idea every day. As a result, this company patents a new project every 15 days. What a way to keep our young people fully involved in innovation on a daily basis,” he said.
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