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Home Business News

Chinese Firm Opens Auto – Assembly Plant In Lagos

Editor by Editor
January 25, 2016
in Business News
Chinese Firm Opens Auto – Assembly Plant In Lagos
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In support of the Federal Government’s auto policy, a Chinese firm, has joined the list of foreign companies that have established automobile assembly plant in Nigeria.

Perfection Motors Company Limited (a member of Lee Group) and FAW, China, have set up a Semi-Knock Down (SKD) auto assembly in Ikeja, the commercial capital of Lagos.

General Manager, Perfection Motors Company Limited, Mr. Adrian Fourie, gave his remarks at the opening of the new FAW showroom, workshop and SKD auto plant in Ikeja, Lagos.

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According to Fourie, “In view of the fact that we will outgrow this assembly line in the next three years, we will be breaking ground on the future CKD (Complete Knock Down) assembly plant in Ogiju, with construction starting later this year.”

“Partnering with FAW has given us the confidence to invest, as you know, we are bringing a quality brand to Nigeria. We believe that the Nigerian public deserve the best as far as price and quality are concerned,” he added.

“With over 50 years of experience and over 200 vehicles on the road, our group truly understand the needs of the Nigerian people and the Nigeria transport industry as a whole”.

He noted that their dealership network will spread across Abuja, Port Harcourt, Kaduna and Kano.

The plant is expected to assemble 1000 cars annually.

Curated from The Nation.

Editor

Editor

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  • Dangote Sugar just made N63 billion from one customer — and it’s Coca-Cola’s bottler 
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  • OPEC+ plans new supply surge as Nigeria braces for oil price, revenue volatility 

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Dangote sugar

Dangote Sugar just made N63 billion from one customer — and it’s Coca-Cola’s bottler 

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United Capital posts profit of N7.06 billion in Q2 2025, up 42% YoY; declares interim dividend of N0.30 

July 28, 2025
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