BOLT PARTNERS WITH DONGFENG ON SOUTH AFRICA EV FLEET

The agreement marks Bolt's expansion into the African EV market through a collaboration with one of China's largest automakers. Dongfeng will supply the vehicles while Yugo Rides, a mobility platform, manages day-to-day operations. The deal positions Bolt to compete more aggressively in South Africa's ride-hailing sector, where it already operates alongside Uber. The EV focus aligns with broader industry trends toward sustainable transportation and reduces operational costs through lower fuel expenses. South Africa represents a strategic market for EV adoption in sub-Saharan Africa, with growing urban mobility demand and supportive regulatory frameworks. The partnership leverages Dongfeng's manufacturing capability and Bolt's existing ride-hailing infrastructure. Terms of the agreement and fleet size were not disclosed. The rollout timeline and initial deployment areas remain unclear.