EXCLUSIVE: Spiro to ramp up EV production in Nigeria with new assembly plant
- Spiro will launch its first EV assembly plant in Ogun State, Nigeria by March 2025.
- The new plant will increase production capacity from 1,000 units in 2024 to 100,000 bikes.
- Spiro plans to localize the manufacturing of three-wheelers and batteries.
Spiro's strategic move to establish a local assembly plant and enhance electric vehicle production in Nigeria is commendable and reflects a growing trend towards sustainable transportation in Africa. However, the company must navigate challenges such as infrastructure development and competition to ensure successful implementation and market penetration.
