Economy: NADDC lauds over $1bn investment in automotive industry
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By Gabriel Ewepu – Abuja
National Automotive Design and Development Council, NADDC, Friday, lauded over $1 billion investment in the automotive industry.
This was made known by the Director-General, NADDC, Jelani Aliyu, Abuja at the unveiling of Hyundai Kona Electric Car, Nigeria’s first locally assembled electric car in Abuja.
According to Aliyu the investment is from both local and foreign investors in the nation’s automotive industry.
He maintained that it was as a result of the resolve of the Buhari-led administration’s effort to create an enabling environment for investors that brought about the huge investments in the production of vehicles in Nigeria.
Hyundai India Provides Kona electric To IIT Delhi For Research
Hyundai India Provides Kona electric To IIT Delhi For Research
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Highlights
Students will also work on NVH levels of the car
It has been handed over to the CART department
Hyundai India has given a new Hyundai Kona Electric to aspiring engineers at IIT Delhi for research work. Hyundai Motor India Foundation has signed a Memorandum of Understanding (MoU) with Foundation for Innovation and Technology Transfer (FITT) - IIT Delhi and gave a Kona Electric for NVH and battery technology research for students of IIT Delhi. The electric car will be used to study alternate energy powered vehicles and emerging technologies to innovate new age mobility solutions.