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NIGERIA TO ATTRACT THE WORLD’S LARGEST EV BATTERY MANUFACTURER, CATL, TO SITE A MANUFACTURING PLANT IN NIGERIA

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NIGERIA TO ATTRACT THE WORLD’S LARGEST EV BATTERY MANUFACTURER, CATL, TO SITE A MANUFACTURING PLANT IN NIGERIA                                                                     24-07-24

By Sadiq Aminu                                                                  Nigeria is close to securing the commitment of the world’s largest EV battery manufacturer, CATL, to site a manufacturing plant within her Evergreen City.

This was made possible when the Chairman of the Presidential Steering Committee on Project Evergreen, Chief Ajuri Ngelale, and members of the team overseeing the execution of Nigeria’s renewable energy technology manufacturing zone, visited the company’s Global Headquarters in Ningde, China.

Chief Ngelale and members of the team, which include Governor Abdullahi Sule of Nasarawa State, and the Managing Director/CEO of the Infrastructure Corporation of Nigeria (InfraCorp), Dr. Lazarus Angbazo, took a tour of the company’s facilities and production lines, which gave them insight into its history present, and future development plans.

The Chairman of the Presidential Steering Committee on Project Evergreen, Chief Ngelale, said the company’s response to their request had provided a positive ray of hope that it would site its annex in Nigeria’s Evergreen City.

“We are thrilled about the opportunity to site the EV Battery Manufacturer supplying Tesla, BMW, and others within our Lithium-rich zone. But we have a lot of work to do before any of us will be celebrating”, he explained.

He said after the tour, the team interfaced with CATL’s Executive Management and apprised them of the progress of Nigeria’s Evergreen City, and a detailed view into how they would want their collaboration with the company to be.

“They responded with a very diligently composed presentation of how their technologies and associated financing platforms can be tailored to the unique requirements of Evergreen City.

“The Nasarawa State Governor detailed local policy and how the partnership will be supported at the sub-national level while I communicated the vision of the zone in the context of the specific technologies being produced by CATL. InfraCorp MD, Dr. Lazarus Angbazo asked pertinent questions about their proposed concepts of collaboration. We all agreed on finite next steps”, Chief Ngelale explained.

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