{"id":32195,"date":"2024-05-21T18:08:13","date_gmt":"2024-05-21T18:08:13","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=32195"},"modified":"2024-05-21T18:08:13","modified_gmt":"2024-05-21T18:08:13","slug":"innoson-ventures-into-cng-powered-vehicle-production-with-multibillion-naira-factory","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2024\/05\/21\/innoson-ventures-into-cng-powered-vehicle-production-with-multibillion-naira-factory\/","title":{"rendered":"Innoson Ventures into CNG-Powered Vehicle Production with Multibillion Naira Factory"},"content":{"rendered":"<div class=\"flex flex-grow flex-col max-w-full\">\n<div class=\"min-h-[20px] text-message flex flex-col items-start whitespace-pre-wrap break-words [.text-message+&amp;]:mt-5 juice:w-full juice:items-end overflow-x-auto gap-2\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"a66b2d80-642c-4108-b356-17994286c651\">\n<div class=\"flex w-full flex-col gap-1 juice:empty:hidden juice:first:pt-[3px]\">\n<div class=\"markdown prose w-full break-words dark:prose-invert dark\">\n<p>Innoson Vehicles Manufacturing Company Ltd (IVM), based in Nnewi, is poised to commence production of heavy-duty vehicles and buses powered by Compressed Natural Gas (CNG). This development follows President Tinubu&#8217;s directive to government bodies to procure CNG-powered vehicles, aligning with a global trend towards sustainable energy.<\/p>\n<p>The new multibillion-naira factory, nearing completion, will cater exclusively to the production of CNG vehicles, marking a strategic shift for the renowned automobile manufacturer. Dr. Innocent Chukwuma, Chairman of Innoson Group, announced that the facility is at 90% completion and will soon be operational, with an annual production capacity of up to 30,000 vehicles.<\/p>\n<p>The decision to focus on CNG vehicles comes amidst growing environmental concerns and the need for alternative fuel sources in Nigeria&#8217;s transportation sector. The move also responds to demands from various sectors, including agriculture, where a group of farmers urged Innoson to consider manufacturing tractors to enhance mechanized farming and stimulate economic growth.<\/p>\n<p>In addition to the CNG vehicle plant, Innoson plans to collaborate with the University of Nigeria, Nsukka (UNN), to establish a facility for manufacturing tractors and farm equipment. While the project faces administrative challenges, it reflects Innoson&#8217;s commitment to meeting diverse vehicular needs in Nigeria and across Africa.<\/p>\n<p>This initiative underscores Innoson&#8217;s innovation in the automotive industry, following the successful launch of LNG\/CNG Gas Trucks, buses, and cars in April 2023. These vehicles, equipped to utilize CNG, offer a more cost-effective and environmentally friendly alternative to diesel or petrol-powered vehicles.<\/p>\n<p>As Innoson Motors advances into CNG-powered vehicle production, it heralds a new era of sustainable transportation in Nigeria, contributing to the nation&#8217;s efforts towards reducing carbon emissions and fostering economic development.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"mt-1 flex gap-3 empty:hidden juice:-ml-3\">\n<div class=\"items-center justify-start rounded-xl p-1 flex\">\n<div class=\"flex items-center\">\n<p>&nbsp;<\/p>\n<div class=\"flex\"><\/div>\n<div class=\"flex items-center pb-0.5 juice:pb-0\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Innoson Vehicles Manufacturing Company Ltd (IVM), based in Nnewi, is poised to commence production of heavy-duty vehicles and buses powered by Compressed Natural Gas (CNG). This development follows President Tinubu&#8217;s directive to government bodies to procure CNG-powered vehicles, aligning with a global trend towards sustainable energy. The new multibillion-naira factory, nearing completion, will cater exclusively [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":32196,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[180],"tags":[59],"class_list":["post-32195","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-featured"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/32195","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=32195"}],"version-history":[{"count":2,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/32195\/revisions"}],"predecessor-version":[{"id":32198,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/32195\/revisions\/32198"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/32196"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=32195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=32195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=32195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}