GAC Motors to set up assembly plant in Lagos

Chinese automobile maker, Guangzhou Automobile Group (GAC Motors) has announced that it is considering setting up an assembly plant in Lagos, Nigeria following the visit of Lagos State Governor,Babajide Sanwo-Olu  to the company’s headquarters.

Sanwo-Olu has been reportedly touring several companies from one country to the other, in order to look for potential investors in the state’s economy.

According to Premium Times, the Group Chairman of GAC, Zeng Qihong disclosed that the company was already considering expanding its business in international markets and with the Governor’s invitation, the company was optimistic about coming to Lagos.

 

“With the Governor’s invitation, we are quite confident and encouraged that coming to Lagos would be exciting. We will look into the process of establishing an operation base in Lagos after our international business department must have visited to carry out a feasibility study of the market. 

“We are optimistic about coming to Lagos because of the market size and the significance of the economy to Africa,” Qihong said.

Sanwo-Olu toured the company’s facilities, factories and development centres before holding a meeting with the company’s management team at Guangzhou, China.