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PAN Nigeria Limited is focusing on production of Higer and Chery, two Chinese leading brands well-known for making various categories of vehicles.
PAN, now owned by the Dangote Group and other investors, is renamed Dangote Peugeot Automobiles Nigeria Limited (DPAN) after massive injection of new investments allowing it to have capacity to produce about 120 vehicles daily.
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The production of Higer and Chery brands in Nigeria firmly signs off PAN’s decades partnership with Automobile Peugeot of France with which the auto maker early this year, achieved 523,000 vehicles production landmark in a 47 years alliance that went awry.
PAN officially opened shop in Nigeria in 1975 to become a top market leader. But its fortune went downward beginning 1983 owing to a mix of general economic factors and bad business decisions.
Higer is a known brand for pick-ups and buses while Chery is associated with passenger cars and Sport Utility Vehicles (SUV). The brands are expected to become as famous as the Peugeot series were in the 70s and 80s in Nigeria.
The National Automotive Design and Development Council (NADDC) is currently pushing for mass production of new vehicles by in-country auto companies as part of a policy thrust to enhance the value addition to the indigenous auto industry.
DPAN is expected to benefit from this policy push through a mix of offers from the NADDC that include facilitating mid to long term vehicle acquisition loans so individuals and small businesses could own brand new locally manufactured vehicles with ease.
