Vice President Dr. Constantino Chiwenga has initiated a high-level investment promotion mission to China, actively challenging major Chinese battery manufacturers to establish production facilities within Zimbabwe. This strategic move is central to Zimbabwe’s ambitious industrialization agenda and its commitment to beneficiating its vast mineral resources, particularly lithium, which is a critical component for the global battery market.
During his visit, Dr. Chiwenga toured the headquarters of prominent industry players, Huayou Cobalt and Chilwee Group, engaging them on the potential for local investment. Huayou Cobalt, already one of the world’s largest battery materials producers, operates the Arcadia lithium mine in Goromonzi through its Prospect Lithium Zimbabwe unit, with substantial existing investments in local processing. The Vice President underscored the importance of value addition and manufacturing within the country, aiming for Zimbabwe to actively participate in the Fourth Industrial Revolution rather than merely supplying raw materials.
Key Players Involved
- Dr. Constantino Chiwenga: Vice President of Zimbabwe, leading the investment promotion mission to China.
- Huayou Cobalt: A global leader in battery materials production, with existing operations in Zimbabwe.
- Chilwee Group: China’s largest manufacturer of lead-acid batteries, focusing on electric vehicles and energy storage.
Event Timeline
- September 16, 2026: Vice President Chiwenga conducts tours and discussions with Huayou Cobalt and Chilwee Group as part of an investment promotion drive in China.
