Simba Corp invests Sh1bn in fast growing electric vehicle assembly line
Nairobi, June 10 -- Simba Corp's Associated Vehicle Assemblers (AVA) will invest Sh1 billion in a dedicated electric-vehicle assembly line at its Mombasa plant, as it positions itself to tap growing demand for locally assembled EVs.
The assembler said the new investment covers specialised EV assembly equipment, factory layout modifications, technician training and certification. AVA said it is funding and building the line itself.
AVA, one of Kenya's largest contract assemblers, currently operates assembly lines for 23 internal combustion engine (ICE) and electric vehicle brands, spanning passenger cars, trucks, buses and three-wheelers.
"Associated Vehicle Assemblers, part of the Simba Corp portfolio, is committing an estimated Sh1 bi...
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