After Innoson, FG Shows Support for Another Electric Vehicle Manufacturing Company
- Saglev Electromobility Company Limited has showcased its advancements in local manufacturing and green industrialisation in Nigeria's automotive industry
- The company, produces a range of electric vehicles and is committed to supporting local content, technology transfer, and job creation
- Saglev emphasises the importance of innovation, policy support, and regional development financing in driving Nigeria's transition to clean energy mobility
Legit.ng journalist Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market.
Saglev Electromobility Company Limited has highlighted its advancements in local manufacturing, green industrialisation, and innovation in Nigeria's automotive industry ahead of the Federal Government and African Development Bank's official visits.
Source: Getty Images
In a statement, the electric vehicle manufacturer announced that Dr. Jumoke Oduwole, Minister of Industry, Trade, and Investment, and Dr. Akinwumi Adesina, President of the African Development Bank, would visit its EV assembly and manufacturing facility in Imota, Lagos, this week. These visits are considered high-level.
According to Saglev, the visits confirm its expanding position in Africa's broader e-mobility revolution and Nigeria's transition to renewable energy.
To evaluate Saglev's accomplishments in promoting climate-resilient transportation infrastructure and sustainable industrial growth in the area, the Minister is expected to visit the plant on July 30, followed by Adesina on July 31.
Chief Executive Officer of Saglev, Dr. Sam Faleye, hailed the visits, stating: "These visits by national and continental leaders validate our commitment to Nigeria’s industrial future and Africa’s clean transportation revolution."
"We welcome the Minister, Dr. Jumoke Oduwole, and Dr. Akinwumi Adesina, as they witness firsthand the progress being made," Faleye added.
Saglev, which bills itself as Nigeria's first domestic EV assembler and manufacturer, currently manufactures 16 different models of electric vehicles, including utility trucks, BRT buses, mid-sized delivery vans, ride-hailing cars, and prestige sedans.
According to the company, it is a key player in the green mobility ecosystem's efforts to support local content, technology transfer, job creation, and import substitution.
The cooperation with the Federal Government and the AfDB shows trust in Nigerian companies' ability to spearhead Africa's energy transition, Saglev said, adding that the visits show ongoing high-level support for industrial transformation.
"Our facility showcases what is possible when innovation, policy support, and regional development financing come together to solve big challenges like climate change, unemployment, and logistics efficiency," the company said.
The business went on to say that it was still dedicated to advancing Nigeria's shift to clean energy mobility and increasing domestic capacity throughout the entire electric car manufacturing value chain.
Source: Getty Images
Chinese company opens showrooms in Lagos
Legit.ng reported that Chinese automaker TIM Motors intends to import new automobiles from China to replace at least 10% of the used cars available in Nigeria.
This was said by Leon Zhan, the CEO of TIM Motors, during a strategic growth summit that was organized in Lagos to establish collaborations, This Day reported.
According to Zhan, the firm expects the new car market in Nigeria to reach at least 50,000 units in three years, and it has an edge because used cars dominate the country's automotive market. The company wants to take 10–20% of this market.
Source: Legit.ng
