- Jet Motors plan to produce an EV for the Nigerian Market.
- The EV will have a range of 250km
- Jet Motors is seeking investors for the installation of charging points across Nigeria.
Nigerian vehicle assembler Jet Motors plans to ramp up electric vehicle production in the country over the next five years. The company which assembles cars suited for Nigerian roads will import the vehicle’s power train from China’s Jing-Jin Electric Technologies, the battery from KeyPower and the shock absorber from Stellantis NV’s Jeep.
The price of EVs has been highlighted as a factor inhibiting EV growth in Nigeria. For example, jet Motors electric Vans cost about $90,000. However, jet Motor believes an increase in charging points across Nigeria will accelerate EV adoption. Currently, the company has only three charging points in Lagos with the fourth set to be constructed in Ogun later this year.
Jet says it is currently discussing with private investors, the National Automotive Design and Development Agency and Canada’s Africa Development Capital which funded the research for the automobile earlier, for investment to install charging points in the country’s highways. Jet Motors CEO Chidi Ajaere stated: “We will be able to further drive up the demand and appetite for electric vehicles once we get the needed charging infrastructure. We can even use solar energy to charge the battery, which is cost-effective, compared to the standard electricity, and it preserves the environment.”
KeyPower will produce a 107.6kWh battery, capable of operating the vehicle for 250 kilometres (155 miles). The battery can be charged in two hours and has a lifecycle of 11 years, according to Ajaere. He added that Jet Motors plans to ramp up production to 50 vehicles a day over the next three to five years if the charging points are installed in strategic locations in the country.