Current news on innoson

Innoson Group, a Nigerian conglomerate, has been making headlines in recent times due to various developments. Here are some of the current news updates on Innoson:

  1. Innoson Motors' Revenue Growth: Innoson Motors, the automotive division of Innoson Group, has reported a significant revenue growth in 2022. According to reports, the company's revenue increased by 30% to N12.4 billion (approximately $30 million) in 2022, compared to N9.5 billion (approximately $23 million) in 2021.
  2. Expansion into New Markets: Innoson Group has announced plans to expand its operations into new markets, including the Democratic Republic of Congo, Ghana, and Côte d'Ivoire. The company aims to increase its presence in the West African region and become a major player in the automotive industry.
  3. Innoson's Electric Vehicle (EV) Plans: Innoson Group has revealed plans to launch its first electric vehicle (EV) in 2023. The company has partnered with a Chinese firm to develop the EV, which is expected to be a game-changer in the Nigerian automotive industry.
  4. Innoson's Partnership with Chinese Firm: Innoson Group has partnered with a Chinese firm, Guangzhou Automobile Group (GAC), to develop a new range of vehicles. The partnership is expected to bring in new technologies and expertise to Innoson's manufacturing operations.
  5. Innoson's Investment in Solar Energy: Innoson Group has announced plans to invest in solar energy, with a focus on generating electricity for its manufacturing facilities. The company aims to reduce its reliance on the national grid and become more sustainable.
  6. Innoson's Expansion into Real Estate: Innoson Group has announced plans to expand into the real estate sector, with a focus on developing residential and commercial properties. The company aims to capitalize on the growing demand for housing and office space in Nigeria.
  7. Innoson's Recognition as a Top 10 Most Admired African Brand: Innoson Group has been recognized as one of the top 10 most admired African brands by the Brand Africa 100: Africa's Best Brands survey. The survey is conducted annually to recognize the most admired and respected brands in Africa.

These are some of the current news updates on Innoson Group. The company continues to make significant strides in various sectors, including automotive, manufacturing, and real estate.