Nigeria’s electric vehicle push is taking a more ambitious turn as Hybrid Motors Nigeria moves beyond assembly plans into research, innovation, and vehicle financing infrastructure designed specifically for African markets.
The company, which recently secured about $95 million in investment commitments for EV manufacturing and charging infrastructure, says its next focus is the establishment of what it describes as Africa’s first dedicated electric vehicle research and development centre alongside a new financing platform that will offer single digit interest loans for vehicle ownership.
Speaking with journalists, Chief Executive Officer of Hybrid Motors Nigeria, Jubril Arogundade, said the company is positioning itself not only as a vehicle manufacturer but also as a technology and mobility innovation company capable of solving structural challenges slowing EV adoption across the continent.
“At the centre of this partnership is research and development. We are not just assembling vehicles. We are building a proper R&D ecosystem in Nigeria where vehicles can be designed and adapted specifically for African roads, climate and mobility realities,” Arogundade said.
The R&D centre is being developed in partnership with Launch Design Shanghai, a Chinese automotive engineering company with experience working with global EV manufacturers including BYD during its early years.
