“We Have Started”: Innoson Motors Takes Giant Step To Produce Its Own Electric Vehicle in Nigeria

• Nigeria's indigenous vehicle manufacturing company, Innoson, wants to enter into the manufacturing of electric vehicles
• The company has revealed its plans to use locally available components and raw materials in its production
• Innoson Motors recently started producing compressed natural gas (CNG) vehicles, and commissioning is expected soon

Dave Ibemere has over a decade of experience covering tech, energy, stocks, investments, and the economy

Innoson Vehicle Manufacturing (IVM) has announced that it has concluded plans to set up an electric vehicle factory in Nigeria.

This was disclosed by Cornel Osigwe, the company's Head of Corporate Communications, who spoke on AriseTV on Tuesday, November 7, 2023.

According to Osigwe, the company's Chairman, Innocent Ifediaso Chukwuma, is determined to start manufacturing electric vehicles since every major component needed in the production of electric cars was available in Nigeria.

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His words:

“In terms of electric vehicles, we have a strategic approach. The chairman has concluded plans to set up an EV manufacturing plant in Nigeria because every major component of producing the electric car is in Nigeria.

“All the raw materials are in Nigeria. It doesn’t make sense importing battery and major components of electric car battery which is the most expensive products of EVs.

“We have started producing CNG vehicles. So, the Chairman has thought it wise to set up an EV manufacturing company in Nigeria so that we can be able to start producing the EV.”

Innoson Motor's electric car

In a previous report, Legit.ng reported that a plate number of Tesla's electric car that appears to be making a mockery of fuel-powered engines went viral on Twitter.

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The custom number pokes fun at traditional International Combustion Engine-powered (ICE) vehicles.

IVM's social media team joined the "FUEL - LOL" number plate trend and creatively used it to market one of its cars.

Subsidy Removal: Innoson Motors Rolls Out Gas-Powered Trucks, Buses, and Cars

Legit.ng also reported that Nigeria's local automobile manufacturing firm, Innoson Motors, announced its latest innovation, the Innoson LNG/CNG Gas Trucks, buses, and cars, at its factory in Nnewi, Anambra State.

The liquified natural gas (LNG) and compressed natural gas (CNG) enabled vehicles were launched on Tuesday, April 20, 2023, by the Manufacturers Association of Nigeria (MAN) president Otunba Francis Meshioye.

Source: Legit.ng