Cubana: Govts, big corporations partnership key to leverage lithium batteries

The Chairman of Cubana Group, Obi Cubana, is championing the collaboration between governments and big corporations to harness the potential of partnerships in driving investments towards advancing technologies that support lithium batteries in Nigeria. In an exclusive interview with CNBC Africa, Cubana expressed his firm belief in the importance of sustainability initiatives and the potential impact they can have on the country's automotive industry. Cubana highlighted the success of the partnership between Cubana Group and the CIG group, particularly in the transformation of Enviable Transport, a brand under the Cubana Group umbrella. The decision to rebrand Enviable Transport and introduce new brand vehicles like the GSE G35 with e-vehicles has significantly boosted the brand's reputation and operational efficiency. Cubana stressed the remarkable performance of the GSE cars, emphasizing their durability, fuel economy, and overall contribution to positioning Enviable Transport as a frontrunner in the auto-hailing cab services sector. The strategic partnership with the CIG group has not only enhanced the operational capabilities of Cubana Group but has also paved the way for the adoption of e-mobility, which Cubana perceives as the next big trend in Africa's energy transition. As an avid supporter of local manufacturing and job creation, Cubana expressed his vision for Nigeria to establish battery manufacturing plants using the abundant raw materials available in the country, particularly lithium. He emphasized the economic and educational benefits that such initiatives could bring, highlighting the potential for job creation and skills development. In line with his commitment to sustainability, Cubana acknowledged the importance of supporting startups in the electric vehicle space and other sustainable ventures. He revealed plans to invest in e-motorcycle and e-tricycle startups to diversify the group's portfolio and contribute to the growth of the green economy. As Cubana Group continues to expand its presence in the sustainable transport sector, the chairman remains dedicated to driving innovation, promoting environmental consciousness, and fostering strategic partnerships that create value for both the company and the society at large.