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In the quest to offer solutions for cleaner and greener energy worldwide, the production of electric cars by notable automobile firms is a huge step in the right direction.
While Tesla and GM dominate the western hemisphere, Lucid and Nio are pushing in Asia, and Africa is not left out, as Innoson is championing the course with her IVM Electric car production in Nigeria.
While these cars are available, knowing the prices of Innoson Electric Cars and the factors that influence them 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 Innoson Electric Cars, their prices, some of their features —to be precise—their origin, who is actually behind them, and how big the operation is.
Of course, Innoson Cars are proudly made in Nigeria. Innoson Vehicle Manufacturing Company, commonly called 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 in Umudim, Nnewi, Anambra State.
Currently, it has begun producing electric cars, underlining its commitment to innovation and sustainability in the Nigerian automotive business.
Innoson applies a manufacturing process emphasising local content and assembly; hence, it is helping to strengthen Nigeria’s economy through job creation and reduced vehicle importation.
Its factory is fitted with modern technology and follows international standards, making Innoson cars locally made and 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 Nigeria’s leading automobile manufacturing companies.
His determination to be interested in local manufacturing and technological advancement within the automobile industry has placed Innoson in a strategic position within the market.
Under his leadership, Innoson Motors has achieved feats such as manufacturing electric cars and expanding its production lines.
Chukwuma’s leadership in the company clearly shows 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 Nigeria’s economy 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, it develops its staff by providing them with training on-site.
Hiring such a large number of Nigerians means Innoson Motors is trying to contribute to the area’s economic growth and decrease unemployment in the country.
Yes, Innoson makes electric cars. Expansion of its portfolio to include electric vehicles was one reason it became the first indigenous automobile manufacturer in Nigeria.
This will go a long way toward showing the company’s commitment to ensuring innovation and sustainability within the automotive industry.
The introduction of Electric Cars means Innoson is moving with the global urge to develop clean and efficient transportation solutions.
Innoson produced its first electric car in 2021. This development showed the company’s and the automobile industry’s growth in Nigeria.
The electric vehicle assured Innoson that it could incorporate modern technologies into its product range and meet new demands for ecologically friendly means of transportation.
Read about the Best Cars that are Coming Out in 2024
Innoson’s first electric car is the IVM EX02. The IVM EX02 portrays the company’s determination 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 is now a thing of the past, as you can journey on longer drives with reduced recharge frequency.
Some of the key features of the Innoson IVM EX02 include:
1. Eco-friendly: IVM EX02 is purely electrically propelled and does not emit fumes into the atmosphere, reducing pollution.
2. Performance: This state-of-the-art modern electric drive technology gives effortlessly smooth and noiseless acceleration.
3. Design: Sleek in shape and of modern design, marrying aesthetics with functionality in a way that should appeal to the taste of Nigeria’s driving population.
4. Range and Charging: The IVM EX02 is designed to keep practical range for daily commutes and can leverage the standard electric vehicle charging infrastructure.
Innoson’s foray into electric vehicles underpins its commitment to advancing automotive technology to support 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 establishing sustainable transportation around the country.
Other Innoson Electric cars include
1. Innoson IVM Link (Range 201-230km)
This 5-seater electric car has electric steering, front airbags, air conditioning, electric windows and a multimedia system for maximum comfort.
Whether 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)
We also offer a version of the IVM EX02 for those interested in its advanced features but looking for a less expensive option. With the same 330-400 km range and luxury features, this model makes electric driving even more accessible.
Yes, Innoson cars are generally reliable. As Nigeria’s first indigenous automobile manufacturing company, the Innoson Vehicle Manufacturing Company, IVM, has taken some worthwhile steps 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: Innoson also designs and manufactures vehicles with Nigerian road and climatic conditions in mind. This will prolong their performance and service life once they are exposed to the Nigerian environment.
3. Customer Feedback: Customers have rated Innoson fairly well in 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, which help handle emerging issues and ensure the continued reliability of its cars.
Generally, Innoson cars are good options for anyone who needs domestically manufactured cars in the country.
Check out this: Toyota to Introduce Three Electric Vehicles in Nigeria
Certain factors influence the prices of Innoson Electric Cars. As the company expands its operations in Nigeria and plans to release various models of electric vehicles, you will need to be 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 include market demand, government policies, and incentives for electric vehicles.
Some of the factors that determine how much it costs to charge an electric car in Nigeria include the electricity tariff, the capacity of the battery, and the 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 most options fall between 30 kWh and 70 kWh. Due to the different-sized batteries, the cost to charge a car will be different, aside from the cost per kWh.
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, which is 40 kWh x ₦45 / kWh. Most people do not charge their vehicles fully but partially; for normal use, this cost can be less.
4. Public vs. Home Charging: Charging at public stations may be more expensive than charging at home stations since there are additional service fees for using such facilities. You will need to check their prices if there are any local stations where you can have your car charged.
The time it takes for a complete charge depends on several 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 represent a prospect for the country’s manufacturing of 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, Innoson’s electric cars will be the key player in defining the profile of automobiles in Nigeria.