Kazakh Tycoon Bets on China’s EV Boom ...Middle East

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Kazakh Tycoon Bets on China’s EV Boom
source : OILPRICE ( Middle East ) () 98
Sales of electric vehicles have been slowing down across markets, but one man believes the future remains bright. That man is Kazakh millionaire Kenges Rakishev, who made his money from oil and gas and metals, and now wants a piece of the EV pie. “The West is lagging behind China when it comes to the EV race,” Rakishev, chairman of Fincraft Group, told the South China Morning Post in an interview. “China started to secure supplies of lithium, cobalt, and graphite decades ago, and they are racing ahead when it comes to the price…

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