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Hybrid Motors Nigeria Launches Local Electric Vehicle Brand

Business
Hybrid Motors Nigeria Launches Local Electric Vehicle Brand

Hybrid Motors Nigeria is working to establish a robust electric mobility industry in Nigeria by addressing critical gaps in local vehicle assembly, charging infrastructure, and financing. The company is launching ACELY, a planned Nigerian electric vehicle brand designed to meet local road conditions and urban transport needs.

This initiative aims to create a comprehensive ecosystem that includes production plants, battery manufacturing, software development, showrooms, and after-sales support. Hybrid Motors seeks to shift Nigeria's auto market from a reliance on imports to a self-sustaining EV economy.

The company has secured approximately $95 million in investment to support this ambitious strategy, which aims to build the necessary industrial backbone for Nigeria's electric vehicle sector, moving beyond the current model of fragmented charging options and affordability challenges.

Plus234Feed summary based on reporting from Pulse. Read the original report below.

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