Geely Automobile International Corporation, the owner of Volvo Car Group and the largest shareholder of Daimler AG has executed a deed with Mikano, a Nigerian company prominent in power generation equipment, Mikano to produce its automotive brands in Nigeria.
Geely is a China automobile maker with base in the city of Hangzhou, the Zhejiang Province with the reputation of the nativity of Alibaba, world’s number one e-shopping business.
The agreement implies that Geely vehicles will be assembled in Nigeria, at the Mikano Motors Assembly Plant.
According to the partners, this validated local assembly structure, assures clients on the vast availability of spare parts.
Mikano said in a statement that, “the partnership with Geely, was yet an important step towards extending its role of delivering premium quality products and services to the automotive sector”.
“For more than 27 years, Mikano has been providing premium quality products to the Nigeria market, by building global strategic alliances with the world’s largest manufacturers,”.
Geely is the current owner of Volvo Car Group, and the biggest single shareholder of Daimler AG (to which Mercedes Benz belongs). This allows it to acquire the highest global and future technologies in the automotive industry. Its sales exceeded 2.1 million cars, placing it among the world’s top car manufacturers.
Over the past 10 years, Geely has invested more than $14 billion in research and development (R&D) and plans to invest more in the next five years, in a commitment to providing the highest level of modern technologies in the industry and has recorded notable growth indexes.