New Competition Emerges for Innoson Motors as EF Motor Limited Begins Electric Car Assembly in Nigeria

EF Motor Limited's subsidiary, EF Network Limited, has revealed plans to start assembling electric vehicles in Nigeria, challenging Innoson Motors' dominance. The partnership with Zhejiang Pukao New Energy Vehicle Co Ltd aims to establish a plant on a 30-hectare site, creating thousands of direct and indirect job opportunities.

The project targets producing 40,000 hybrid and electric vehicles annually initially, with plans to increase output to 100,000 units by 2028. The initiative also includes establishing public charging stations nationwide and providing support services.

This move signifies a significant development in Nigeria's automotive sector, introducing competition and technological advancements.