Kia Sorento: Kia plans to produce 25,000 vehicles per year in Lagos, Nigeria.
Kia Motors Nigeria has made good on its promise to start production of vehicles in Nigeria with the inauguration of the Kia assembly plant in Lagos. About a year ago, Kia announced its plan to go into local vehicle production in Nigeria.
Kia plans to produce 25,000 vehicles from its Lagos-based assembly plant, named United Vehicle Assembly Limited (UVAL).
On a recent visit to Kia’s new assembly plant, Olusegun Aganga, Nigeria’s Minister of Industry, Trade, and Investment, said “I am pleasantly surprised at the level of success and the advanced technology of this plant. I have visited different auto assembly plants across the globe and I can tell you that, with the level of quality assurance control and sophistication of the equipment in this assembly plant, it can compete with others internationally.”
Jacky Hathiramani, UVAL’s CEO, said “The move to establish an assembly plant stems from the tide of investment aimed at Nigeria and keying into the country’s automotive policy. We are committed to making Nigeria a leading auto manufacturing country in Africa and to contribute immensely to the development of the nation through this multi-billion naira investment.”
Hathiramani added that the Kia assembly plant had hired local engineering graduates from Nigerian universities.
“With today’s opening of our plant in Lagos, we have taken our growth commitment to a greater height in Nigeria and repositioned our brand by supporting the ‘Proudly Nigeria’ dream,” Hathiramani said.
Sandeep Malhotra, Chief Commercial Officer of Kia Motors Nigeria, said “The unprecedented stride of the Kia brand in the automobile industry in Nigeria has continued to outpace the competition in offering best-in-class automotive technology to its customers. Premised on our increased acceptability among our valued customers in the last decade, we are now looking at further strengthening our foothold and expanding our reach into the Nigerian market with the new assembly plant.”
Kia will start its Nigerian production of vehicles with the following models: Rio, Cerato, Optima, Sorento, and Soul.
Kia plans to start producing all Kia models of sedans, sport utility vehicles, and pickup trucks in Nigeria before the end of the year.
Source: The Punch – Nigeria's Most Widely Read Newspaper – Breaking News, information and opinion in Nigeria.
- Ford to start assembly in Nigeria
- Volkswagen planning new auto assembly plant in Nigeria: An interview with Segun Aganga, Nigeria’s Minister of Industry, Trade, and Investment (Video)
- Kia Motors to assemble cars in Ethiopia
- Nigeria will be Africa’s next automotive hub (Report): PwC
- Automobile assembly revs up in Nigeria
- Innoson Unveils First Made-in-Nigeria Cars
- Nigeria’s automotive industry shifts into high gear
- Africa’s richest man Dangote makes bid to acquire controlling stake of Peugeot Nigeria
- Dangote & China’s Sinotruck partner to build $100M truck plant in Nigeria
- Nigeria Targets 80% Local Manufacturing in Auto Industry
- Volkswagen brings car assembly back to Nigeria to tap Africa growth
- General Motors East Africa to double truck output on construction boom, says MD
- In 35 years, Nigeria could be the automotive capital of Africa
- South Africa in Talks With Five Automakers About New Plant
- Ford invests $167 million in South Africa to build Everest SUV
- Next generation BMW X3 to be built at BMW South Africa’s Rosslyn Plant
- Volkswagen (VW) to start assembling cars in Nigeria with Stallion Group
- Volkswagen expands Africa strategy with Kenya car assembly plant
- Volkswagen to Invest $340 Million in South African Car Business
- Peugeot to assemble vehicles in Kenya
- The Carlyle Group partners with Old Mutual Private Equity to acquire 100% of Tiger Automotive in maiden South Africa deal
- What town has produced more billionaires than any town in Nigeria and possibly Africa? Here are 10 of its richest people
- US-Africa Business Forum: This is the Moment to Invest in Africa (Video)
- Nigeria – Racing ahead with ambitious infrastructure plans: This is Africa/Financial Times (Infographic & Report)
- Car makers in the driving seat of South Africa’s economy
- Buhari pursues cabinet to boost Nigeria’s economy and battle Boko Haram
- South Africa targets auto sector with fuel cell plant
- We plan on listing 25,000 cars by the end of the year: Tomi Hodonu, General Manager, Cheki Nigeria & Ghana (Video)
- Chevy Volt’s designer, Jelani Aliyu, has been appointed boss of Nigeria’s automobile agency (Infographic)
- Nigeria’s Cars45 closes $5M round to digitize Africa’s used autos markets
- Ethos Private Equity acquires South African auto parts retailer AutoZone
- Hyundai opens first car assembly plant in South Africa
- Lagos, Nigeria: Africa’s Big Apple
- Africa: Firmly on the map
- Nigeria’s improving investment climate: Segun Aganga, Nigeria’s Minister of Industry, Trade, and Investment (Video)
- To make it big in Africa, a business must succeed in Nigeria, the continent’s largest market
- 21 Nigerian tech CEOs at the top of their game
- Africa: A land of opportunity for property investors
- Online businesses fueling Nigeria’s economy: Marek Zmyslowski, Managing Director, Jovago
- Invest Nigeria – Think Anambra (Presentation): Anambra State Investment Promotion and Protection Agency (ANSIPPA)