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In the quest to proffer solutions for cleaner and greener energy in the world, the production of electric cars by notable automobile firms is a huge step in the right direction. While Tesla, GM are dominating the western hemisphere, Lucid and Nio are pushing in Asia, Africa is not left out, as Innoson is championing the course with her IVM Electric cars production in Nigeria.
While these cars are available, knowing the prices of Innoson Electric Cars and factors that influence the prices will help you make a better and well-informed decision if you intend to buy an IVM car.
Innoson Motors had been a pioneer in the local vehicle manufacturing industry. Its contribution to fashioning electric cars for Nigerian drivers has become very immense.
In this article, we will consider the Innoson Electric Cars, their prices, some of the features of Innoson Electric Cars-to be precise, what its origin is, who is actually behind it, and how big the operation is.
Of course, Innoson Cars are proudly made in Nigeria. Innoson Vehicle Manufacturing Company, commonly referred to as IVM, became Nigeria’s first indigenous automobile manufacturer. Founded by Innocent Ifediaso Chukwuma in 2007, Innoson Motors manufactures cars, buses, and trucks in its world-class factory situated in Umudim, Nnewi, Anambra State.
Currently, it has begun to produce electric cars, underlining its commitment to innovation and sustainability in the Nigerian automotive business space.
Innoson applies a manufacturing process with emphasis on local content and assembly; hence, it is helping in the economic strengthening of Nigeria by way of job creation and reduced importation of vehicles.
Its factory is fitted with modern technology and follows international standards, hence making Innoson cars not only locally made but up to the global standard.
Chief Dr. Innocent Ifediaso Chukwuma is the Chief Executive Officer of Innoson Vehicles, driving the company since its creation. A dream and leadership by Innocent Chukwuma brought Innoson Motors to the fore as one of the leading automobile manufacturing companies in Nigeria.
His determination in interest in local manufacturing and technological advancement within the automobile industry has placed Innoson in a strategic position within the market.
Under his leadership, some of the feats Innoson Motors has been able to achieve include manufacturing of electric cars and expanding its lines of production. From Chukwuma’s leadership in the company, one can clearly see that he is an innovative leader who ensures quality and promotes Made-in-Nigeria products.
Innoson Vehicle Manufacturing Company employs over 1,800 people within its employment bracket, ranging from engineers to technicians, administrative officers, and into production personnel.
Such a vast workforce means much for the economy of Nigeria in general and for the widely discussed employment opportunities in particular.
Realizing that the company does its best to assist local communities in their employment policy and develops its staff by providing them with different training on-site.
Hiring such a large number of Nigerians means Innoson Motors is trying to contribute much to the economic growth of the area and decrease unemployment in the country.
Yes, Innoson makes electric cars. One of the reasons it was able to become the first indigenous automobile manufacturer in Nigeria was an expansion of its portfolio to include electric vehicles.
This will go a long way to show the commitment of the company to ensuring innovation and sustainability within the automotive industry. Introduction of Electric Cars means Innoson moves with the tide of the global urge to come up with clean and efficient transportation solutions.
Innoson produced its very first electric car in 2021. This development showed evidence of the growth of the company and the automobile industry in Nigeria.
The electric vehicle was an assurance that Innoson could adopt modern technologies into the range of products and meet new demands for ecologically friendly means of transportation.
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Innoson’s first electric car is the IVM EX02. The IVM EX02 is the first electric car by the company; it portrays the determination of the company towards green technology and innovative vehicles.
It has been designed to be an extremely fuel-efficient and environmentally friendly alternative to conventional internal combustion gasoline-powered road transport vehicles.
With its strong 330-400KM range, range anxiety would now be in the past as you get to journey on longer drives with reduced frequency of recharges.
Some of the key features of the Innoson IVM EX02 include:
Innoson’s foray into electric vehicles underpins its commitment to the advancement of automotive technology in support of Nigeria’s transition to cleaner energy solutions.
While the company is still innovative, it is expected to expand its lineup with affordable electric vehicles sometime soon, which would greatly contribute to the establishment of sustainable transportation around the country.
Other Innoson Electric cars include
1. Innoson IVM Link (Range 201-230km)
This 5-seater electric car is equipped with electric steering, front airbags, air conditioning, electric windows and a multimedia system for maximum comfort. Whether you’re navigating congested city streets or enjoying a smooth highway ride, the IVM Link offers a reliable range of 201-230km on a full charge.
2. Innoson IVM EX01 (Range 201-230km)
For those looking for a balance between performance and affordability, the IVM EX01 offers a range of 201-230km with all the essential features that make an Innoson electric car fun to drive. This model is equipped with a multimedia system, air conditioning and electric steering. It is perfect for daily commutes and city trips.
3. Innoson IVM EX02 (Alternative Price Option)
For those who are interested in the advanced features of the IVM EX02 but are looking for a less expensive option, we also offer a version of this model. With the same 330-400 km range and luxury features, this model makes electric driving even more accessible.
Yes, Innoson cars are generally reliable. Being Nigeria’s first indigenous automobile manufacturing company, some worthwhile steps have been taken by the Innoson Vehicle Manufacturing Company, IVM, towards producing vehicles that meet both local and international standards.
Innoson motors are reliable judging by the following factors:
1. Quality Manufacturing: Through the standard current techniques of assembly at its state-of-the-art factory in Nnewi, using quality materials, making the cars durable and reliable.
2. Local Adaptation: Also, Innoson designs and manufactures vehicles with Nigerian road and climatic conditions in mind. This will make their performance and service life longer once the cars are exposed to the Nigerian environment.
3. Customer Feedback: Customers have rated Innoson fairly well in terms of performance and reliability. Many users have learned to appreciate durability and reduced maintenance costs compared to other imported brands.
4. After-Sales Support: It provides after-sales support in its maintenance services that help handle emerging issues for continued reliability in its cars.
Generally, Innoson cars are good options for anyone who needs domestically manufactured cars in the country.
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The prices of Innoson Electric Cars are influenced by certain factors. So as the company expands its operations in Nigeria with lined-up various models of electric vehicles set to be released, it will be necessary that you are aware of the prices of Innoson Electric cars and why they are tagged at that price.
Below is an in-depth look into the prices of some Innoson electric cars and some influential factors for setting them up.
1. Price of Innoson IVM EX02
The Innoson IVM EX02 is the flagship electric car from Innoson. Since this is the first-ever electric car Innoson has ever made, this car represents one of the major moves of the company in underlining its key steps toward emphasis on sustainability and innovation.
Price Range: An Innoson Electric Car is not made public on their official website, but it is estimated to fall in the category of ₦10,000,000 to ₦15,000,000. This price range identifies the initial cost of acquisition of the vehicle with its modern electric drivetrain and features.
1. Size and Range of the Battery: Cars with larger batteries and broader ranges are categorized into a higher price bracket. The most deciding element for pricing can be decided based on a battery.
2. Technology and Features: The price of electrical automobiles which could avail the latest technological functionality, extended driver-assistance systems, navigation, and connectivity, will also be higher.
3. Production Costs: Manufacturing involves the cost of materials and labor, hence costing in direct relation to the more or less of the final price of the vehicle. This could be a little lower when manufactured locally compared to the case of imported vehicles.
4. Market Conditions: Other factors that could influence the pricing of these cars are things like market demand, government policies, and incentives for electric vehicles.
Some of the factors that would determine how much it costs to charge an electric car in Nigeria include electricity tariff, capacity of the battery, and charging infrastructure used.
Here is a general overview:
1. Electricity Rates: The cost of electricity in Nigeria is about ₦40 to ₦50 per kWh, though rates may vary based on your region and provider.
2. Battery Capacity: Electric cars range in size, but the majority of the options fall between 30 kWh and 70 kWh. Due to the different-sized batteries, aside from the cost per kWh, how much it will cost to charge a car will be different.
3. Charging Cost Example: Suppose you have a car with a 40 kWh battery, and the price of electricity is ₦45 per kWh. A full charge would cost around ₦1,800 that is 40 kWh x ₦45 / kWh. Most people do not charge their vehicles full but partially; for normal use, this cost can be less.
4. Public vs. Home Charging: Charging at public stations may be more expensive than home charging since there are additional service fees for using such facilities. If there are any local stations where you can have your car charged, you will need to check their prices.
The time it takes for a complete charge depends on a number of factors such as the charging method applied, the capacity of the battery, and the power output at the charging station.
Here’s how you can tell how long you may wait:
1. Standard Home Charging (Level 1):
2. Home Fast Charging (Level 2):
3. Public Fast Charging:
4. Battery Size:
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Innocent Chukwuma
Innoson Vehicle Manufacturing Co. Ltd.
Yes. IVM has Compressed Natural Gas (CNG) cars
Innoson Electric Cars depict another milestone in Nigeria’s automotive history and constitute a prospect for Nigeria in manufacturing advanced and environmentally friendly vehicles.
Innoson Motors was the pioneer, hosting a host of Nigerian locally manufactured vehicles, driven by a visionary leader, staffed by many employees into a future where locally made eco-friendly cars are now a dream come true.
The company is doggedly innovative and in an expansion stage; hence, the electric cars of Innoson shall be the key player in defining the profile of automobiles in Nigeria.