June 5 (THEWILL) — Hybrid Motors Nigeria has secured approximately $95 million in investment commitments to establish electric vehicle (EV) manufacturing plants in Lagos and Abuja and deploy a network of mega charging stations, marking one of the largest private-sector investments in Nigeria’s emerging clean mobility industry.
The investment follows two strategic partnerships signed in China, covering both local EV production and charging infrastructure development. According to the company, the projects are designed to move Nigeria’s electric mobility sector beyond vehicle imports and pilot schemes into large-scale manufacturing and ecosystem development.
Under an agreement with automotive engineering firm, Launch Design Shanghai, Hybrid Motors plans to establish manufacturing facilities in Lagos and Abuja with a combined annual production capacity of 70,000 vehicles at full maturity. The Lagos plant, located in the Lekki Free Trade Zone, is expected to produce up to 50,000 vehicles annually, while the Abuja facility in the Centenary City Free Zone will have a capacity of 20,000 units.
The Chief Executive Officer of Hybrid Motors Nigeria, Jubril Arogundade, said construction is already underway, with the company targeting a factory unveiling in the first quarter of 2027. Production is expected to begin gradually, with an initial target of 7,000 vehicles in the first year, and assembly operations may commence later this year.
Central to the strategy is Acely, an electric vehicle brand being developed specifically for Nigerian conditions. The partnership also includes establishing a research and development centre to support vehicle design, adaptation, and technology transfer.
Beyond manufacturing, Hybrid Motors has partnered with a Chinese charging technology company to deploy 110 EV mega charging stations across Lagos and Abuja over the next four years. The $20 million charging infrastructure project will feature fast-charging stations capable of servicing up to 24 vehicles simultaneously, with full charging times of about 30 minutes.
The company also plans to train 10,000 Nigerians over five years in engineering, vehicle maintenance, charging operations, and other technical fields, supporting local capacity development as Nigeria’s EV market continues to evolve.
Ogochukwu Onwaeze is a writer specializing in business and economic journalism. At THEWILL News Media, she translates market trends, financial developments, and policy shifts into clear and engaging stories.
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