Having followed the development in Zambia since I attended elementary school in the country from 1981 to 1982, there is finally some good news that resonates with me in the context of the global EV revolution and the world’s transition to sustainable energy generation and consumption.
Zambia’s new President-elect, 59-year-old Hakainde Hichilema, is determined to push Zambia forward as a key player in the new low carbon world order, the secret weapon being copper. Zambia is the second largest producer of copper in Africa, and has substantial quantities of cobalt too.
Who Is Hakainde Hichilema?
I heard about Hakainde Hichilema the first time in 2016 when he got arrested during the general elections, and I lost hope for any significant development in the country short term.
It was a case of sixth time lucky for Hakainde Hichilema, who has finally become president of Zambia after five unsuccessful attempts.
Mr Hichilema defeated his main rival, the outgoing President Edgar Lungu, by more than a million votes. Mr Hichilema, 59, has described himself as an ordinary “cattle boy”, who herded his family’s livestock in his youth before going on to become one of Zambia’s richest men.
The president-elect and leader of the United Party for National Development (UPND) is widely referred to as HH. He was born into humble beginnings before managing to get a scholarship to the University of Zambia, and later graduated with an MBA degree from the University of Birmingham in the UK.
He went on to make a fortune in finance, property, ranching, healthcare and tourism.
Mr Hichilema has shown resilience in his political career. Along with his five electoral losses, he often reminds people that he has been arrested 15 times since getting into politics.
In 2016, he was charged with treason for allegedly failing to give way to the presidential motorcade. He spent four months in a maximum-security jail before the charges were dropped.
What Will Zambia Do Now?
I have a few friends in Zambia, of all ages, and they collectively just want to work and make decent living. From what I hear, the labor market has not been fair for a long time, with nepotism and corruption affecting all layers. It’s difficult to explain, but let me set the scene with an example: In 2019 I was fortunate enough to teach grade 9 at my old school for just one hour. I had brought a small solar cell, a small battery, and a small toy electric car. While explaining and demonstrating how all this worked, the 40-some students were dead silent paying attention, and when the class was over, their teacher asked them who would now like to be an engineer? In a split second all hands rose high!
So how will the election of HH change anything? From The Times UK:
In his acceptance speech on Monday, he [Hakainde Hichilema] pledged major structural and policy changes in all sectors but particularly mining.
Africa’s second-largest copper-producer — the metal accounts for more than 70% of the country’s export earnings — had witnessed a noticeable deterioration in its mining investment climate during Lungu’s second term in office, “damaging relations between miners and the government beyond repair”, the CEO of Africa-focused strategic advisory firm Africa Practice, Marcus Courage, told S&P Global Platts.
“This also resulted in lower levels of investment, lower copper production and reduced receipts for the government, in spite of a rebound in global copper prices,” Courage said.
Hichilema’s pledge to create jobs and restore Zambia’s economy now hinges on his ability to restore confidence among investors and see stalled mining investments resume once more, Courage said.
“If he can get this right, then the Zambian Copperbelt can be competitive once more, and can become a hive of global mining activity, creating jobs.”
Infrastructure Is Key
Zambia is an immensely resourceful country, both in terms of natural resources and human resources. My old school is finally getting access to electricity, but it has taken more than 4 decades to hook it up to the main lines from the road right next to the school grounds! And as is clear from my visit there the last time, all these rural schools are rife with young people ready to make a difference (on my last visit in 2019 I visited 5 rural schools, all with the same sentiment).
The Chibwe school library building ready to get connected to the grid in 2019. Photo credit: Jesper Berggreen.
Despite the former President’s questionable priorities, solar plants have been and are being deployed on a large scale in the country, but the key is infrastructure, and more specifically, last mile infrastructure. Connecting rural communities with the main grid of transportation and energy has been so slow that you would be hard pressed to notice any difference from decade to decade. In contrast, cellular communication infrastructure is very good.
Here is a concrete visual example I filmed in 2019: This truck is the main mode of transporting people and goods on a 30-mile stretch off of a main road in the southern province. On this pitiful excuse of a road are located 7 villages, each with their government elementary school. The truck has the same average speed as a goat.
Of a population of 10 million, at least 60% is struggling with the lack of effective infrastructure. Zambia has the potential to be a very strong economy in Africa based on its unique position in terms of natural resources, young and ambitious population, and last but not least, being a multi-ethnic society itself with 73 tribes and 7 main native languages, its long history of peaceful cooperation with its 8 neighboring countries!
What About China?
China has a strong presence in Africa, and Zambia is no exception. The country has contracts in mining, hydro, and solar power, and some would argue the Chinese practice ruthless business strategies. I am no expert on Chinese matters, so I can only hope Zambia’s new government will be able to strike deals with any foreign partner that is of the primary interest of the peoples of Zambia.
Myself and friends checking out a Chinese-deployed 10 kW solar hammer mill in Zambia 2019. Photo credit: Jesper Berggreen.
I have personally been waiting for this breakthrough for 40 years. Nothing would make me more proud than for Zambia to step in as an open, conscientious, and fair global business partner in the worlds transition away from the aftermath of the fossil fuel era.
The battery pack in my local Zambia-manufactured toy wire car in 1981 may only power the on board radio, but it’s a BEV nonetheless! Photo credit: Birgit Berggreen.
I can’t wait to one day drive up to my old Chibwe school in a full size solar charged electric vehicle and give another lecture on the subject.
Your next camping trip is about to get an upgrade. Kia just dropped two new electric van concepts based on the PV5. With AI-powered home appliances like a refrigerator and microwave, and even a wine cellar, Kia’s new PV5 “Speilraum” is an electric van built for camping and more.
Meet the Kia PV5 Spielraum: An electric van for camping
Kia wasn’t lying when it said its first electric van would offer something for everyone. At the 2025 Seoul Mobility Show on Thursday, Kia and LG Electronics unveiled two new electric van concepts based on the PV5.
The Spielraum electric vans are built for more than just getting you from one place to another. With LG’s AI-powered home appliances, custom interiors, and a wine cellar, the Speilraum models take the PV5 to the next level.
Kia unveiled two new concept vans, the Spielraum Studio and Spielraum Glow cabin. For those wondering, the term Spielraum is German for “Play Space” or leeway. In other words, Kia is giving you more freedom to move.
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The Studio version is designed as a mobile workspace with LG appliances like smart mirrors and a coffee pot. Using AI, the system can actually determine how long your trip will take and will recommend when to use the appliances.
Even more exciting (at least for the vanlifers out there), the Glow cabin converts the PV5 into a mobile camper van.
With a refrigerator, microwave oven, and added wine cellar (you know, for those long trips), Kia’s electric van is sure to upgrade your next camping trip.
Kia PV5 Spielraum Glow cabin electric camping van concept (Source: Kia)
Kia and LG signed an MOU and plan to launch production versions of the Spielraum electric vans in the second half of 2026. The South Korean companies are also developing a new series of advanced home appliances and other AI solutions that could be included in the vans when they arrive.
The PV5 will initially be available in Passenger, Cargo, and Chassis Cab setups. However, Kia plans to introduce several new versions, including a Light Camper model.
Kia and LG Electronics unveil two new PV5 Spielraum concepts (Source: Kia)
At 4,695 mm long, 1,895 mm wide, and 1,899 mm tall, the Kia PV5 passenger electric van is slightly smaller than the European-spec Volkswagen ID.Buzz (4,712 mm long, 1,985 mm wide, 1,937 mm tall).
With the larger 71.2 kWh battery pack, Kia’s electric van offers up to 400 km (249 miles) of WLTP driving range. It can also fast charge (10% to 80%) in about 30 mins to get you back on the road.
Kia will launch the PV5 in Europe and Korea later this year, with a global rollout scheduled for 2026. Ahead of its official debut, we got a closer look at the PV5 on public roads last month (check it out here).
Would you take the PV5 Spielraum Glow cabin for camping? Or are you going with the Studio version? Let us know in the comments.
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Tesla Cybertruck owners are starting to get the fix for the truck’s recent recall related to a falling trim. The fix is ridiculous for a $80,000-$100,000 vehicle as it leaves a weld burn and a panel gap.
While the reason was not confirmed at the time, we reported that we suspected that it was a problem with the cantrail, a decorative trim that covers the roof ledge of a vehicle. For the Cybertruck, it consists of the highlighted section below:
A week later, Tesla announced that it recalled all Cybertrucks ever made over an issue with the cantrail: it is falling off the Cybertruck.
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Now, some Tesla Cybertruck owners are starting to receive the “fix” for the recall, but it is quite disappointing for what is a $80,000 to $100,000 vehicle.
A Cybertruck owner in New Jersey was already having issues with his cantrail and had to have his tent system installed, so his truck was already at the service center when the recall happened. He was given back his truck with the fix, but he was disappointed with the results, which left a mark on the cantrail and a significant panel gap. He shared pictures via the Cybertruck Owners Club:
According to the recall notice, the fix is as simple as removing the trim, applying some butyl patches, and reapplying the trim with two new nuts to secure it.
In the case of this Cybertruck, the new nut is leaving a significant gap on the chassis that Tesla should never have felt acceptable to deliver to a customer.
As for the burn or rust mark, the owner speculated that it was a weld mark as they weld the new nut, but there’s no welding required in the fix. Therefore, it’s not clear what happened, but there’s clearly a mark where the new nut is located.
Here’s a video of the process:
Electrek’s Take
Tesla is lucky. Many of its owners, especially with newer vehicle programs, like the Cybertruck, are early adopters who don’t mind dealing with issues like this.
However, this is a $80,000 to $100,000 vehicle, and most people expect a certain level of service with those vehicles.
You can’t have a remedy for a manufacturing defect that results in panel gaps and marks like this. It shouldn’t be acceptable, and Tesla shouldn’t feel good about giving back a vehicle like that to a customer.
On top of all of this, this is a pain for Cybertruck owners with wraps. They are going to have to rewrap the trim and it doesn’t look like Tesla is going to cover that.
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As crypto prices rallied to record highs last year, venture investors piled into new bitcoin-related startups.
The number of pre-seed transactions in the market climbed 50% in 2024, according to a report published Thursday from Trammell Venture Partners. The data indicates that more entrepreneurs entered the bitcoin arena despite a cautious funding environment for the broader tech startup universe.
Bitcoin more than doubled in value last year, while ethereum rose by more than 40%. Early in the year, the Securities and Exchange Commission approved exchange-traded funds that invest directly in bitcoin and then extended the rule to ethereum, moves that brought a wider swath of investors into the market. The rally picked up steam in late 2024 after Donald Trump’s election victory, which was heavily funded by the crypto industry.
The early-stage startup boom dates back several years. According to the Trammell report, the number of pre-seed deals in the bitcoin-native category soared 767% from 2021 to 2024. Across all early-stage funding rounds, nearly $1.2 billion was invested during the four-year period.
“With four consecutive years of growth at the earliest stage of bitcoin startup formation, the data now confirm a sustained, long-term venture category trend,” said Christopher Calicott, managing director at Trammell, in an interview.
Venture capital broadly has been slow to rebound from a steep drop that followed a record 2021. Late that year, inflation started to jump, which led to increased interest rates and pushed investors out of risky assets. The market bounced back some in 2024, with U.S. venture investment climbing 30% to more than $215 billion from $165 billion in 2023, according to the National Venture Capital Association. The market peaked at $356 billion in 2021.
Trammell’s research focuses on companies that build with the assumption that bitcoin is the monetary asset of the future and use the bitcoin protocol stack to develop their products.
Read more about tech and crypto from CNBC Pro
The numbers weren’t universally positive for the industry. Across all rounds as high as Series B, the total capital raised declined 22% in 2024.
But Calicott said he’s looking at the longer-term trend and the increase in the number of pre-seed deals. He said the renewed interest in building on blockchain is largely due to technical upgrades and increased confidence in bitcoin’s long-term resilience.
“Serious people no longer question whether bitcoin will remain 15 or 20 years into the future,” he said. “So the next question becomes: Is it possible to build what the founder is trying to achieve on bitcoin? Increasingly, the answer is yes.”
Trammell has been investing in bitcoin startups since 2014 and launched a dedicated bitcoin-native VC fund series in 2020. Its portfolio includes companies like Kraken, Unchained, Voltage and Vida Global.
Recent reports show momentum in crypto startup funding more widely. In February, crypto VC deals topped $1.1 billion, according to data and analytics firm The Tie.
PitchBook forecasts that crypto VC funding will surpass $18 billion in 2025, nearly doubling the $9.9 billion annual average from the 2023 to 2024 cycle. The firm expects greater institutional engagement from firms like BlackRock and Goldman Sachs to deepen investor trust and catalyze further capital inflows.
Joe McCann, a former software developer, is launching his third venture fund, and said this one will be “exclusively focused on consumer apps in crypto.”
He draws a direct parallel to the internet’s early days.
“In the 1990s, VCs were investing in physical infrastructure,” said McCann, who runs Asymmetric, a digital asset investment firm managing two hedge funds and two early-stage venture capital funds, with $250 million under management. “Ten years later, it was Groupon, Instagram, Facebook — apps built on top. That’s where we are with Web3 right now.”