Innoson Vehicles CEO On Electric Cars, Local Production, and Vehicle Financing
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- เผยแพร่เมื่อ 24 พ.ย. 2021
- Innocent Chukwuma, Chairman and Founder of Innoson Vehicles, spoke to the Global Business Report about local vehicle manufacturing, steel supply, power supply, meeting demand from Govt, Electric cars, and Vehicle Financing
#innoson #electriccars #nigeria #cars #automobiles #nigeria #manufacturing
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Innoson is a legend
What has demystified many is being simplified by him
A real Odogwu
Don't you mean what has mystified many is being simplified by him?
It's this kind of misinformation that is pulling us back & aiding the slow developing of our people to a grinding halt. Innoson doesn't manufacture. The interviewer can only ask him questions and accept answers based on the level of his own knowledge. That's why Innoson can get away with claiming that he manufactures.
Tell us the metal components or plastics components manufactured by his Enugu plastic plants and tyre plants (other than his plastic injection moulding machines producing chair, tables, etc) Tell us where the metal & plastic body frames for his different car models are casted. Tell us where the engines, the (gear) box, carburettor, rubber tubing, etc are casted. Tell us where the stirring/wheels/clutch/break, etc components are casted. Tell us where electronics components/parts are manufactured. Tell us where computer software for his different models are written/configured. Tell us where those components are being quality tested and controlled. Are those finished vehicle tested for operational and safety quality assurance & control?
While you're at it, tell us where his different vehicle models are technically designed and where are the designs modelled before metal casting/forging?
We are also not a manufacturing economy because every single part and component he uses in every vehicle model he assembles are either imported or the machine, tool and equipment used in producing them are all imported.
These are some of the reasons why Inosson vehicles end up being pricy/expensive compared to imported cars of the same model despite Nigerian economy having a lower income per head & capital (labour costs) compared to developed / industrialised economies. Until we can actually manufacture & produce ourselves, that situation will remain the same.
Manufacturing Economy is the only solution. The knowledge, ability & capability to manufacture & produce ourselves.
Manufacturing Economy > Millions of real Jobs per year > Good Economy.
More info: Watch "Unchain Nigeria", Join us at keta.com.ng.
Let's save us.
It's absolutely right that it's not the right way to go by importing engines to manufacturing vehicles in order to remain competitive and innovative in the 21st Century ✋
Mr Innoson is an inspiration. The man is full of confidence. Bless up
Innosson loves Nigeria, unlike some people who are idle.
Imagine Peter Obi becoming a president.... manufacturing and production would be crazy...Obi I stand. Vite for LP
Once this man can make further effort to automate the production line the sky will be a stepping stone.But to achieve that we Nigerians must patronize.
That's old technology Innoson is selling and the future is EVs. Africa is always a day late and a dollar short and doing nothing to upgrade her technology through research.
@@sterlingferguson1704, even major car manufacturers around the world are manufacturing majority of their cars as petrol and dissel engine. Yes, the future is electric cars, but petrol and dissel cars are still going to be around for a while especially in developing countries. Secondly, he is a clever business man, he is manufacturing according the market. Yes, Africa is always a step behind, we are moving, and we will catch up soon.
@@sunnyyande378 Even in developed countries, EV is still a long way off by al least 10 - 20 years. Most Countries are have not the electricity infrastructure for EVs
Even new 2022 Range Rover autobiography that cost tens of thousands of dollars is not EV. The west still makes fossil fuel power vehicles. So relax!!!
@@sterlingferguson1704 big mouthed empty vessel. What have achieved with ur new technology knowledge? Criticism 8s cheapest thing to do.
God's willing, my first jeep must be IVM G5 and IVM G6 I love everything about innoson cars
Nigerians should patronize this man, Innoson motors is good , manufactured in Nigeria, made in Nigeria, this should be a source of pride for Nigeria, many people around the world patronize their country’s manufacturers,that is how you grow the economy and hire more people ,then increase NIgeria’s GDP, bravo Innocent Chukwuma, what a remarkable achievement,a car manufacturer in Nigeria
And made for Nigerian roads and people safety.
Most importantly, I am impressed with Arise News on this recent development about Innoson manufacturing vehicles locally. Surely, this is the way to go to enable economic development to flourish and create much needed employment opportunities for everyone everywhere 🧠
Surely, this is not the way to go. Innoson has been doing this for quite a while now. We can do & and should be doing much better for an economy with >200M great people blessed with abundant iron ore, bauxite, copper, zinc alloy, other metal alloy, crude oil, natural gas, wind, water, sea, etc.
Why are we so satisfied and so proud of little or no achievement when we can see the rest of the world doing so much better? Why are we so totally submerged in mediocrity? Why?
@@ketapartynigeria1649 Majority including me absolutely agree with your comment because we should be competing innovatively with the likes of Elon Musk Tesla and other vehicle manufacturers worldwide.
For me and YNN 🏁, we have revolutionary competitive advantages because we have innovation (new global IPRs) to be licensed to vehicle manufacturers worldwide - Yoruba Nation 🏁 designed to build back better best outcomes everywhere globally.
@@ketapartynigeria1649 KPN is absolutely right that it's not the right way to go by importing engines to manufacturing vehicles in order to remain competitive and innovative in the 21st Century ✋
Nigerians custom must stop importation of foreign cars and allow innocent chukwuma to produce our local vehicles to the Nigerian.
People need to understand that if the government of the day doesn't give support to a company like INNOSSON they will never strive.
I love this man , so Inspirational
Great man, this is what Biafra is all about. Hard work and commitment not violence
Keep as Nigeria.
Let's lift up our country
One of the most interesting thing is that Innoson is Gabros younger brother..of GABROS fc..who set him up..so the lesson here is how we have to lend a helping hand to upcoming brethren...their combined biz acumen must be top notch...
I love his gentle confidence. Bless you inoson. JMO
The government should speed up the construction of power plants and widen roads, and improve traffic safety. Bad roads and streetlights can affect people's willingness to buy a new car.
Innoson Motors to the moon.
Actually a very intelligent man, didn't waste his time going for formal education.
Excellent stuff Mr. Innoson, may you walk and never stumble
Great man 🙌🏾🙌🏾
Chief Innocent Legend!!!!! Great man. Single handedly carried the automotive industry in Nigeria on his shoulders.
Wished Engineer Ezekiel Izuogu was alive at this time. Another great mind, and visionary. Izuogu Z-600 prototype car 1997. 90% of the car's components were made locally, including the engine. en.wikipedia.org/wiki/Izuogu_Z-600. Would have been nice to see Izuogu supplying engines to Innoson Vehicles all within Nigeria.
My Brother talking about electrical power in Nigeria. Nigeria has bullsheet in electricity.
'bull shit'
Okay nah
Ivm and air peace are loveable mentor 😊
Good road is a huge factor, then power generation and battery replacement will be a challenge to contend with. Bad road and electrical cars are in opposite spectrum.
One thing is understanding the job of vehicle insurance companies. The people need to be educated on what they should know about vehicle insurance, you don't expect the vehicle insurance companies to fuel your car when you run out of fuel. "Insurance companies can only intervene when you get accident with your vehicle and not when you experience engine failure " if someone hits your car the insurance companies should be able to repair your car for you, while they use their power to make the guilty one pay back to the insurance company without you having to fight each other, but if you pour water into your fuel tank and your engine get spoiled, you should face the consequences yourself.
From what Oga Innoson said, does it mean tariff for SE is different from what other regions pay? What a country!
Yes bro the tariff for the South East is more bro.. you heard it right
I wonder , it won’t surprise me, since the end of the war , they have made it difficult for Igbos , not realizing how hay it hurts them too, but we keep succeeding, in sane countries, Innoson motors will be patronized by all government agencies , indeed all government agencies including the presidency should have their fleet of cars be Innoson, this is how you grow the economy and employ CD more people , but those in government are still playing tribal politics,,punishing those that could help them , simply because they are Igbos, this is laughable and counter productive
Exactly 💯 It is part of structural imbalances against the SE.
Don't worry Peter Obi will make things work well for igbos in SE and SS because we have many entrepreneurs in our tribe..
nice stuff... but una for find interpreter to maximize communication
That's a good move by Nigerian government .. it will be good for any state must buy and use innoson mottos for commacial
God bless Innoson vehicles
Let's not forget this company only assembles cars which parts were made in a different country. There's only one person in Africa that creates and builds anything from scratch and that's jerry mallo.
Innoson doesn't manufacture from scratch.
Fulani keeps trying so hard to stop his progress but they will fail
Make una try and stop this nonsense everytime fulani dis an that. Why can't you address the subject of the matter and leave fulani out
We appreciate Mr. Innoson Effort to address mobility problem in Nigeria and Africa as a whole.
@@maxemeka2080 must you counter the message all the time.
Foolish talk!!!!
Congratulations!
This is an amazing man and there are many others like him in Nigeria. If only the clueless policymakers and politicians can step out of the way, since they don't get it and can't make the necessary enabling environment. One side note: I didn't quite like the childish condescending body Lagrange of the interviewer. If you look closely, you'll see it.
This is inspiring
Let's go.....
God bless you sir
11:48 for those that came for electric car talks
Innoson needs to focus on a Niche
Innoson has not only expanded her capacity in Nigeria, moreover, Ghana, Togo, and some African countries, I want to say, that the government is aware of innoson, nevertheless not really interested in utilising innoson products, I want to say that government should petronise local manufacturers.
They won't because he is from the south east. You heard him talk about high tariff in the east
How about having representatives in the other black places across the Atlantic. Let's all support our people.
Our educational standards has fallen so low
Good
How do I become one of your marketers
Wowo
Insurance companies are risk takers. One would think the only reason you insure your vehicle is because of accidental damage to your property(car). Still, the case is not so with the insurance companies in Nigeria. Couple of things to note, roads, electricity, and theft or damage to the car. if the roads are not good this can cause accidental damage to the car. What if your car gets stolen? We all are aware of the issue with electricity in Nigeria. Insurance companies are risk takers, they are in for profit. They think it is too risky to insure vehicles in Nigeria.
I believe it's actually "CNG" - compressed natural gas
The man is producing CEmuG vehicles and you’re busy correcting his pronunciation
That’s how people lose focus
@@doctordan1668 he is correcting someone that is ahead of him in life
Kantanka motors is actually ahead, just switch to electric & get on from there
How can I buy stock in this company is it a listed company?
Charade!
He's confident that he can build electric vehicles. Tesla buys it's battery from Panasonic.
I really wish the Nigeria government should wake up and support this man innoson by putting it into laws that all government officials should use Nigerian made car like innoson
Rutus what is CMG?
Compressed Natural Gas
CNG compressed natural gas
These have been killing peooe souyium makenish,kollie garwu,chinwe ajumobi
He is a great vehicle assembler? I never saw where iron was heated n pressed by machines to make parts.
The factory in charge of that is in Enugu
NOT ASSEMBLY BUT MANUFACTURING.
@id lmoh people like u fail exams easily.. Didn't u hear him say he patronize steel frm another company in Nigeria
Perhaps Innocent should create an Innocent insurance company just as Tesla does.
🥰🇳🇬
Baba come sell "markate"
Na legend
Insurance no make sense in my own opinion. Why pay monthly for unseen disaster? Many people in Nigeria drive cars for years without experiencing any major accident.
You are right but no one knows when accident will come. Some insurance companies are actually responsible.
@@josephbabalola9819 when unlucky and accident happens, either go to local mechanic to fix or borrow money to buy another car if the case is serious! The house you live in is it insured? Insurance na oyibo people thinking, e no make sense at all!
Insurance is good. Accident happens in Nigeria a lot and I feel bad when some crazy drivers just wreck your car 🚗. If you don’t have a comprehensive coverage, at least have a liability one so your insurance can take care of someone else’s car in case you’re at fault in the event of an accident .
This Innoson guy is basically a big LIAR. He doesn't know what he's talking about. 😳👎🏽
He doesn't even know the difference between MANUFACTURING and ASSEMBLING? 🥺
Does he even know the meaning of metallurgy? Or mechanical metallurgy for that matter?🤔🥺
As a mech engineer, who has worked extensively with some top german auto manufacturing plants -VW/BMW, I tell you guys that Innoson is only an auto assembly plant, period.
The Innoson guy doesn't even sound like a tech person. He basically sounds like a traditional Nigerian-Ibo businessman. He's doesn't sound scientifically educated.
His answer to the question of how he manufactures his metal components for his assembled vehicles was flawed. His answer was at best, very elementary and deceitful.
Hey, but the journalist himself, failed woefully to push back with tough questions for the Innoson guy to fill in the gaps. Perhaps he was too afraid as it's usually the case for some so-called Nigerian journalists.
The interviewer himself doesn't sound technically sophisticated to do that kind of interview. He lacked the tech preparedness for this level of auto manufacturing conversations.
That kind of interview in Nigeria could have been better handled by the likes of Dr. ABATI and his team on the Morning Show. They are well more equipped with the journalistic, technical, and legalistic knowledge base for such vital interview. - Safety and reliability of these Innoson automobiles are questionable.
Mr. Innoson can be better advised to understand the meaning of humility and truthfulness when you're at this level of business in any society.
Based on my own research, the Innoson auto assembly plant business is primarily based on CKD parts that he purchases from between South Korean and Chinese auto manufacturers. And he's on Nigerian TV telling lies and garnishing his plant's capabilities - with the interviewer just allowing him to get away feeling with it.
The Innoson auto assembly business is not different from what many Asian assembly plants do in countries like the Philippines, Vietnam, Indian, etc.
Even the entire South Korean/Chinese auto manufacturing of today, started with CKD parts from the likes of the great American General Motors - GM - manufacturing. But they worked their ways up from the auto assembly levels to the manufacturing levels that they have attained today.
Mr. Innoson should be proud of his business acumen, that he's able to attain this spot in the auto industry of Nigeria with little or no technical education. He should be humble enough to be truthful to the Nigerian people and government. Taking advantage of the fact that the Nigerian media and the vastly uneducated Nigerian masses won't question his false claims of auto manufacturing is very disloyal to the same country whose citizens he expects their patronage.
The interviewer didn't even touch on the safety and manufacturer's warranty of these Innoson assembled vehicles. No serious governmental oversights to check level of safety of these automobiles under any conditions.
When I heard the callous way he just sidetracked the question on how he manufactures the metal parts from some unknown sources for his vehicles, I almost threw up.
I could go on and on, but my simple advise for the Inmoson guy is to return to the TV circuits and start retracting his misstatements on this topic of manufacturing.
Additionally, he should pay some well-oiled Technical Relations Officers - (TROs) to do these kinds of interviews. While he, himself, sources the funding for his operations.
....if you consider yourself a Nigerian bigman, you should also consider it a big responsibility to be big on the truths that matter.
...always remember that many Nigerians are way more academically educated than you are. And they can engage on social media these days to rebuff any miseducation.
....also remember the Ikoyi real estate guy who lied so much on Nigerian TV interviews about his successes in building high-rise structures across the world and was corruptly allowed to erect the failed 21-story building - (only 15 floors approved) - that killed lots of innocent Nigerians recently.
Nigerians just need to start punching holes in any misstatements - (lies) by any Nigerian businessman or politician. Because it's about integrity, morality, safety, security, and corruption-free society. And the educated class can start it off. Thanks!🙄
Oga its not that serious. Educated people need to get off our high horse and do something. I mean look what a trader could achieve, what is really our excuse.
Criticism is easy. As a mech Engr why not design and manufacture a component and sell to innoson.
@@nnamdinwoye7698 great reply
@@nnamdinwoye7698 but it is serious and as he lays the blueprint next generation comes and do better . innoson is just the proof of concept.
Please with all due respect, we must appreciate Chief Chukwuma for his achievements. With your knowledge, experience and smart brain you can set up your own brand to correct his lies.
Keep quiet Mugu discover mumurism
The only problem left for innoson to solve is the design of their cars. What would it cost for them to just hire a good designer or low cost youths you find online. They’ll give designs that are out of this world for cheap.
The cars are not appealing
You should produce one with your own design
Sometimes you have to take into consideration the skills that go into making those designs a reality. With the little knowledge I have and over the course of examining the cars produced by innoson. Most are of simple design and shape, which leave me asking what if there is a limitation in the skills of the craftsmen, the people welding the joints and shaping the metals. These are very vital skills. And the lack of automation of the factor will also serve as a reason why we will not see them going all out in extreme designs. But I'm quite confident that With time we will get there. We just need to be more patriotic in vehicular regards. The more we buy the better he creates. The more he creates the better the crafts men get everyday and the more of them that we shall see in the society. IVN is a win win win
@@bilallawan920 just like Chinese phones. The more they sell, the better they get
@@bilallawan920 ....but he's basically stealing the designs of foreign manufacturers. He could be sued for this and he may not be able to pay for patent infringements. Then the whole plant can be short down and he's doomed.
@@TheBrokerTopGee ...so sad. That's still your idea of how to grow a Nigerian business, right?
We in East Africa we shall never work with these 419 yahoo boys
Ekwensu no one wants to work with you mumu coconut head olodo!!
We don’t need you
This is a company that assembles vehicles and NOT manufactures vehicles. All parts and components of their vehicles are shipped in from foriegn countries and ASSEMBLED in Anambra state, Nigeria at Innoson motors assembly plant. That is the truth....
There’s no car company in the world that manufactures 100 percent raw, there must be of place of buying , like cars radio has resistor , capacitors , etc, which are produced by other factories, so no car company can manufacture 100 percent of all its products, the major thing is , is he the one, building the engines, tires, the car body from scratch, if he is then it’s a manufacturing company, even car companies abroad get their batteries from other factories and as he said, he only import the steels, showing that from engine to the whole car itself is built by company, so it’s a manufacturing company
Please do your full research before spewing all these things. Only engines and few other components come from outside the country . IVM has a network of subcontractors that supply components for production which include other innoson subsidiaries under the innoson group. Plastics, batteries, steel, electrical components etc. Assembly is when you have a binding agreement with a sole supplier for all components who dictates vehicle specs. For assembly, you CANNOT source components from anyone else and you must follow the blueprint of the sole supplier else the agreement is terminated. That is not innoson. Everything is fabricated and assembled in the plant. Do your research. If he was into just assembly, he will not be able on his own to start converting engines from petrol to CNG.
Please if you have any doubt that Innoson manufactures or assembles its vehicles, this video by Wode Maya where he toured the factory settles everything. In fact, within the first 3 minutes of the video it is made clear that it is a manufacturing company.
th-cam.com/video/0b2JMOmUJRo/w-d-xo.html
Your problem is that u don't know the meaning of assembling and manufacturing
A car assembly comes with a contract of performance from the manufacturer. It is a franchise business, which the franchisee, the car assembly plant , in this case, must comply with.
You assemble the brand you have contract with its manufacturer and give the assembled car the name of the brand owner or a new name approved and adopted by the brand owner, which the brand owner will include on their website as part of their cars. Do you get it? Now is there any car brand owner that has IVM as part of its cars? Which international brand is IVM assembling and/or representing?
Another thing is, you cannot use another car manufacturer's branded parts to make your own cars or mix with other branded parts to make your own car. You cannot use different branded parts from different car manufacturing companies to make your own car. You'd be sued and taken out of business.
Thirdly, in car assembly, you are limited to that brand (the Make) and the models (designs) the car manufacturer contract you to assemble. IVM makes all models - Sedans, SUV, Trucks, Coaches, and branching into Defense. Which assembly plant is allowed by the brand owner to assembly all models and venture into non-conventional automobiles?
Fourthly, if you are a franchisee, a member of a bigger brand, your geographic market area will be defined. You cannot sell your product, cars outside that geographic zone. So barring export restrictions by foreign governments, is there any limitations placed on where IVM by another car manufacturer on where IVM can and cannot be sold? These are a few and I can go on and on. Learn to let go of envy, jealousy and hate. It's healthy.
Typical Nigerian CEO who will not accept that his company is assembling vehicles but insists on saying it is manufacturing vehicles. How can a company claim to be manufacturing when...
(1.) there is no evidence of an office complex where design teams exists to design the vehicles before manufacturing starts....
(2.) crash testing locations or sites as proof of its manufacturing prowess,...
(3.) components that are produced in house and have been tested properly...
(4.) Nigerian companies that partner with them to produce designed components of the vehicles...
(5.) Proof that the transmission boxes, both standard and automatic transmissons are designed and manufactured by them....e.t.c
(6.) None existence of what percentage of the manufacturing process is actually done in Anambra by Innoson motors, 5%, 10%, 20%?..,...e.t.c
I suggest you watch the video Innoson did Wode Maya. That will help cover the holes in your knowledge of this company
What are you trying to prove ?
Oga Analyst, which one have you done? Ndiara everywhere!!!!
@4ever true. Do your research. They manufacture. Almost all components are produced in Nigeria. 80% of the components are sourced in Nigeria with the exception of engines and other components. All plastic components are manufactured by innoson plastics enugu as well as tires produced by their tire plant. Batteries are supplied by ibeto. They have a solid supply chain and are not dependent on a single supplier that dictates vehicle specs. so go do your research and don't make uninformed statements
Can you name any car manufacturers plant that produces all parts?
I do not see any press machines. How in the hell a vehicle manufacturer make cars without press-forming sheet metal into parts? This is strictly an assembly facility for Chinese made cheap vehicles. FAKE!
I have being there , and have seen it the press machine is there, it's just that the did not video
That u haven't seen doesn't mean it doesn't exist, He has another plant in Eungu doing that.
Go and verify