{"id":22133,"date":"2025-05-20T21:25:00","date_gmt":"2025-05-20T17:25:00","guid":{"rendered":"https:\/\/gbc1.net\/?p=22133"},"modified":"2025-05-22T18:18:54","modified_gmt":"2025-05-22T14:18:54","slug":"china-plans-to-open-an-electric-vehicle-ev-plant-in-nigeria","status":"publish","type":"post","link":"https:\/\/gbc1.net\/index.php\/2025\/05\/20\/china-plans-to-open-an-electric-vehicle-ev-plant-in-nigeria\/","title":{"rendered":"China Plans to Open an Electric Vehicle (EV) Plant in Nigeria"},"content":{"rendered":"\n

On 19 May 2025, Chinese Ambassador YU Dunhai paid a courtesy visit to Nigerian Minister of Solid Minerals Development Dr Dele Alake, and expressed an interest to set up an Electric Vehicle (#EV<\/a>) manufacturing facility in Nigeria. Ambassador Yu pointed to Nigeria’s rich hydrocarbon and solid mineral resources as well as its huge market with the largest population among African countries.<\/p>\n\n\n\n

Minister Alake enthusiastically welcomed such impact investments that undertakes #LocalBeneficiation<\/a> because this proposed #FDI<\/a> falls right in line with Nigeria’s diversification strategy and #industrialization<\/a> drive. To name a few, Chinese companies Canmax Technologies<\/a> (SZSE: 300390) and Avatar New Energy Materials are already involved in the extraction or processing of #lithium<\/a> and other #CriticalMinerals<\/a> in Nigeria.<\/p>\n\n\n

\n
\"Official
Official Commissioning for Avatar Lithium Processing Plant in Nasarawa State in May 2024<\/figcaption><\/figure><\/div>\n\n\n

So far in 2025, Chinese companies have sealed a series of deals in Nigeria. In April, Sinomach<\/a> (SHSE: 600335) signed an agreement with the National Sugar Development Council (NSDC<\/a>) of Nigeria to build a USD one billion sugar cane production and processing facility. <\/p>\n\n\n\n

During March 2025, a large delegation of 261 Chinese businesses visited Nigeria to explore investment opportunities; 74 of them expressed interest in Nigeria’s oil and gas industry. In February 2025, a new Shanghai-Lagos maritime service was launched cutting the transit time to just 27 days, in a bid to boost bilateral trade between Nigeria and China.<\/p>\n\n\n

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\"\"<\/figure><\/div>\n\n\n

In January 2025, the China Development Bank (CDB<\/a>; HKSE: 1606) approved a USD 255 million loan for the Kano-Kaduna railway segment. Under the #BRI<\/a>, China Civil Engineering Construction Corporation (CCECC<\/a>; SHSE: 601668) has already completed the Lagos-Ibadan double-track standard gauge railway (#SGR<\/a>), which is expected to eventually extend all the way northwards to Kano.<\/p>\n","protected":false},"excerpt":{"rendered":"

On 19 May 2025, Chinese Ambassador YU Dunhai paid a courtesy visit to Nigerian Minister of Solid Minerals Development 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