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JETOUR Organized the First Global Media and User Representatives’ Visit to Fuzhou Intelligent Factory

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JETOUR

Serving as core pillars of JETOUR AUTO manufacturing, the Fuzhou Factory has a complete vehicle manufacturing process, including stamping, welding, painting and assembly

FUZHOU, China, November 8, 2024/APO Group/ — 

As JETOUR AUTO (www.JETOURGlobal.com) continues expanding globally, intelligent manufacturing has forged its world-class quality and performance. Proud of its “Dark Factory”, JETOUR recently invited 300 international journalists and car owners to Fuzhou, offering them a visit knowing how world-class manufacturing enables the production of intelligent, advanced and digitized vehicles for global customers.

Fuzhou Factory, the backbone of JETOUR’s global manufacturing excellence

As an emerging force in global auto industry, JETOUR operates the intelligent manufacturing platform and quality control system. Serving as core pillars of JETOUR AUTO manufacturing, the Fuzhou Factory has a complete vehicle manufacturing process, including stamping, welding, painting and assembly. With an annual capacity of 200,000 units, the factory plans to double its output to 400,000 units per year after expansion in Phase II.

In the welding workshop, all welding points are performed automatically by robots. As the production process is fully automated, the “Dark Factory” can make cars seamlessly.

Fuzhou Factory is equipped with an advanced manufacturing system, which not only assures a manufacturing pace of 100 seconds per car on average but meets the demand for flexible manufacturing of multi-model production, namely, four models on two platforms, enabling JETOUR Fuzhou to shift focus based on changes in customer demand.

JETOUR has been implementing an advanced material management system as well, with autonomous mobile robots (AMRs) and automatic guided vehicles (AGVs) efficiently managing daily logistics in the factory. The AMRs intelligently drive along preset paths to transport parts, improving production efficiency on a daily basis.

In the paint shop, programmed robots complete 18 tasks per hour, averaging 200 seconds per car, reaching 10,000 units per month. This high-quality painting process prioritizes energy efficiency, automation, high quality and intelligence.

The final assembly line supports flexible production from different platforms, including new energy models. Currently, this line includes unmanned tire assembly and CNC robot bonding technology for windshield installation, significantly improving sealant precision for rain proofing and noise reduction.

Finally, by leveraging big data and AI, JETOUR Fuzhou processes a “smart brain” that monitors efficient quality control in all aspects. Through a “0+3″manufacturing approach, JETOUR pursues “Zero Defects” in products, 100% error-proof assembly, 100% qualified vehicle inspection, and 100% traceability of quality information.

More hot sellers to roll off the Fuzhou factory production line

Beside the JETOUR T2, JETOUR Fuzhou factory will soon produce more models, including A0-class SUVs, A+-class SUVs and A-class sedans in the future.

JETOUR Fuzhou is currently in full production of the JETOUR T2, which was officially launched in Dubai, United Arab Emirates in January 2024. Since then, the light off-road SUV has quickly become a hot seller and topped the sales charts in the UAE, Qatar and Saudi Arabia. The car, known as “Traveler” in China, has been a hot seller since its launch. In December 2023, a total of 13,224 units was sold, surpassing 10,000 units for two consecutive months. In its first year on the market, the cumulative unit sales have exceeded 200,000 units, being the best-seller in the light off-road SUV segment in China.

In the age of electrification, JETOUR will accelerate the launch of new energy products. In Chinese market, JETOUR has launched the new energy product series. JETOUR’s T1 i-DM, was also officially launched in October 2024 and is also manufactured at JETOUR Fuzhou factory.

In the next two years, JETOUR will introduce eight new products, covering the urban SUV series, the off-road SUV series, and the pickup series. Starting from 2024, JETOUR will progressively introduce hybrid products into international markets and strive to become the leading brand in the hybrid electric off-road SUV segment. By 2030, JETOUR plans to build 19 KD factories overseas, so as to meet the demand for more than 80 markets around the world.

To support such rapid market development, JETOUR will focus on intelligent manufacturing and fully utilize its quality genes for robust products and brand enhancement. JETOUR’s goal is to deliver a user-centric and intelligent experience to customers around the world.

Distributed by APO Group on behalf of JETOUR.

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Lekki Port, Lekki Freeport Terminal, Lagos Free Zone Launch COSCO Shipping, Ocean Network Express (ONE) & ZIM Lines Services

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The launch of the services was signaled by the arrival of the E A Centaurus at Lekki Deep Sea Port on Friday, November 8, 2024

LAGOS, Nigeria, November 11, 2024/APO Group/ — 

In what could be described as a major boost to the Nigerian maritime sector and international trade, the management of Lekki Port LFTZ Enterprise Limited (LPLEL), Lekki Freeport Terminal, and the Lagos Free Zone (https://LagosFreeZone.com) have launched the COSCO, ONE (Ocean Network Express), and ZIM alliance services at Lekki Deep Sea Port.

The launch of the services was signaled by the arrival of the E A Centaurus at Lekki Deep Sea Port on Friday, November 8, 2024. The E A Centaurus, with an overall length of 277m and a container handling capacity of 7,000 TEU, is also the largest COSCO vessel to call Nigeria. It docked at the port at about 10:30 a.m.

The Chief Executive Officer of Lekki Freeport Terminal, Christophe Cassang, explained that the launch of the service marks a crucial milestone in the terminal’s development and capacity expansion. He added that the launch of the service demonstrates the company’s commitment to becoming a leading maritime hub in West Africa.

We are realizing our vision of driving significant cargo volumes and further positioning Lekki Port to enhance the Nigerian maritime sector and improve business efficiency

“Through the strategic partnership with global shipping leaders such as COSCO, ONE, and ZIM, we are strengthening our position on the international stage and opening new opportunities for trade and industry in Nigeria and the region. Lekki Freeport Terminal is run by a well-trained workforce, passionate about meeting challenges of the future, and is equipped with the most advanced technology and state-of-the-art infrastructure designed to meet the growing needs of the shipping lines and of our customers,” said Cassang.

In his remarks during the ceremony, the Managing Director of Lekki Port, Du Ruogang, described the launch of the new shipping line services as a true testament to the company’s commitment to Nigeria’s maritime future. Ruogang noted that the berthing of the E A Centaurus marked the first of bi-weekly calls to Lekki Deep Sea Port by COSCO, ONE, and ZIM shipping lines. He described the launch of the COSCO, ONE, and ZIM shipping lines as a symbol of the company’s unwavering dedication to positioning Lekki Port as a transformative force in the Nigerian maritime Industry.

“After 18 months of commencement of commercial operations and continued efforts, we are proud to welcome COSCO, ONE, and ZIM shipping lines to Lekki Port. With the bi-weekly calls of the consortium, we are realizing our vision of driving significant cargo volumes and further positioning Lekki Port to enhance the Nigerian maritime sector and improve business efficiency across the country. The achievement is not the end but rather the beginning,” he said.

In her statement, the Chief Executive Officer of Lagos Free Zone, Adesuwa Ladoja, described the launch of COSCO, ONE, and ZIM shipping lines services at Lekki Port as a momentous occasion and significant achievement not only for Lekki Port and Lekki Freeport Terminal but also for Lagos Free Zone as it is bound to attract more foreign direct investment (FDI) to the zone.

“From one shipping line, we now have four shipping lines calling at the Lekki Deep Sea Port; it is significant because we now have more options that allow more customers access to the state-of-the-art facilities at the Lekki Port. It also allows the growth of enterprises in the Lagos Free Zone and, in fact, the entire Lekki economic axis. The companies can bring their raw materials through any of the four shipping lines and move them straight into the factories for production. They can also export finished goods to other parts of Africa and, indeed, the world. This is the economic rejuvenation we are all looking for, and Lekki Port and Lagos Free Zone are happy to be doing our part”, she said.

In their reaction, the COSCO, ONE, and ZIM shipping line representatives expressed their excitement about partnering with Lekki Port and Lekki Freeport Terminal. They expressed satisfaction with the world-class infrastructure and facilities available at the port. The companies were represented by the Deputy Managing Director of COSCO Shipping Lines Nigeria Limited, Rex Wang, Director, Ocean Network Express (Nigeria) Limited, Stefan Pedersen, and Managing Director, Lansal, Todd Rives.

Distributed by APO Group on behalf of Lagos Free Zone (LFZ).

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Afreximbank approves US$200 million Facility to support BUA Industries Limited (BIL) expansion plans

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The first tranche of $150 million was disbursed on October 16, 2024

CAIRO, Egypt, November 11, 2024/APO Group/ — 

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has approved a US$200 million Corporate Finance Facility in favour of BUA Industries Limited (BIL) to support its expansion plans.

With Afreximbank’s support, BUA can increase investments to strengthen industrial capacity and meet regional demand

BIL is a Nigerian conglomerate with diversified business interest spanning across, sugar and cement manufacturing, flour milling, oil milling, port logistics, real estate development, oil and gas, and shipping. The first tranche of $150 million was disbursed on October 16, 2024.

Commenting on the transaction, Mrs. Kanayo Awani, Executive Vice President, Intra Africa Trade and Export Development, Afreximbank, said that the facility will provide critical financial support to a leading Nigerian conglomerate as it pursues its expansion plans, thereby boosting its industrial base and Nigeria’s export manufacturing capacity.

“We are delighted at this partnership which promises to deliver significant impact through job creation, import substitution and export diversification – thereby boosting Nigeria’s Gross Domestic Product (GDP).”

On his part, Alhaji Abdul Samad Rabiu, CFR, CON, Chairman of BUA Industries Limited, said that the $200 million corporate finance facility marks a crucial step in BUA’s commitment to industrializing Nigeria’s manufacturing, infrastructure and energy sector for local use and export. “With Afreximbank’s support, BUA can increase investments to strengthen industrial capacity and meet regional demand. Our goal is sustainable growth that boosts Nigeria’s self-sufficiency and Africa’s global trade presence, creating jobs and building economic resilience,” he said.

Distributed by APO Group on behalf of Afreximbank.

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Ecobank Partners with Nium to Unlock Real-Time Cross-Border Payments Across 35 African Markets

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Nium announces its partnership with Ecobank, a pan-African financial solutions leader, bringing real-time cross-border payments to 35 markets on the continent

SINGAPORE, Singapore, November 11, 2024/APO Group/ — 

Nium (https://apo-opa.co/3Cl0CMy), the leading global infrastructure for real-time cross-border payments, announced a partnership with Ecobank Transnational Incorporated. (www.Ecobank.com), the leading independent pan-African financial services group, to enable seamless cross-border payments across 35 African markets for more than 32 million customers. This partnership is set to revolutionise the region’s payments landscape by enabling faster, more efficient international payments for businesses and consumers alike.

Nium’s real-time payments infrastructure will be integrated into Ecobank’s existing banking operations, empowering Ecobank to enhance its services for small and medium-sized enterprises (SMEs). Ecobank will connect its existing Swift workflows to Nium, gaining access to real-time transfers, updates, clearing, settlement, and payment tracking, without the need for complex API integrations. This will significantly reduce waiting times for cross-border payments, enabling businesses to make faster payments to over 220 markets, including over 100 countries with real-time capabilities.

Partnering with Nium allows us to enhance our service offerings and provide our customers with faster, more efficient cross-border payment solutions

Ecobank is a critical financial partner in sub-Saharan Africa. Through this partnership, Ecobank’s customers across the region will benefit from an enhanced payments experience that allows faster and more efficient cross-border transactions, unlocking new opportunities for SMEs to connect with global markets.

Anupam Pahuja, General Manager and Executive Vice President for APAC, Middle East and Africa at Nium, said, “We are thrilled to partner with Ecobank and introduce Nium’s cutting-edge real-time payment capabilities to Africa. This collaboration represents an important step forward in expanding our global payments network, and we are proud to support Ecobank in delivering faster, more efficient payments for its customers across the region.”

Partnering with Nium allows us to enhance our service offerings and provide our customers with faster, more efficient cross-border payment solutions. By leveraging our unique API-based payment platform, this collaboration is a significant step towards advancing financial inclusion and connectivity across Africa and enabling businesses to thrive in a global marketplace,” said Jeremy Awori, CEO of Ecobank Group.

Ecobank can exchange its existing SwiftMT & ISO20022 messages with Nium to initiate payments on the real-time platform, accelerating business growth and improving the speed and accuracy of cross-border payments for African businesses.

The partnership also aligns with Nium’s broader strategy to enhance global financial inclusion, enabling access to real-time payments in regions where traditional banking systems may be slow or unreliable. Through this collaboration, Ecobank is now better equipped to provide an unmatched cross-border payment experience for its customers, while Nium continues its mission to democratize access to the world’s largest real-time payments network.

Distributed by APO Group on behalf of Ecobank Transnational Incorporated.

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