MoU Signed Between PKA and Chinese Firms to Develop EV Production Facility in Ghana

In a major step toward industrial transformation and green mobility in West Africa, Ghanaian company PKA Export and Import has signed a Memorandum of Understanding (MoU) with two leading Chinese firms—Polyrocks and Sinovcle—to set up an electric vehicle (EV) assembly plant in Ghana. The agreement was formally signed in Accra on August 20, 2025.

The signing ceremony marks the beginning of a strategic joint venture aimed at assembling electric vehicles locally, with plans to serve both Ghana and the broader West African region. The initiative, which has been in the works for more than two years, reflects a growing commitment to sustainable transportation solutions and industrial innovation.

Prince Asare, Executive Chairman of PKA, expressed his enthusiasm for the project, emphasizing its potential to reshape Ghana’s automobile landscape. According to him, the collaboration will not only introduce electric mobility to the country on a large scale but also serve as a catalyst for job creation, technology transfer, and infrastructure development.

Construction of the assembly plant is slated to begin before the end of 2025. In its initial phase, the facility is expected to produce around 5,000 vehicles annually, with a long-term goal of scaling up to 20,000 units per year. Asare noted that the project is projected to generate more than 1,000 direct employment opportunities, alongside an additional 2,000 indirect jobs in related sectors such as logistics, maintenance, and charging infrastructure.

Beyond vehicle production, the initiative includes a wide-ranging capacity-building component. Training programmes will be developed for plant managers, technicians, mechanics, and support staff. The partners also plan to establish certification schemes for electric vehicle (EV) repair and maintenance professionals across the country, helping to lay the foundation for a skilled workforce within Ghana’s growing EV sector.

To support the adoption and usability of electric vehicles, the project will also invest in the development of EV infrastructure, including public and private charging stations as well as service and maintenance centres. These facilities are expected to open up further opportunities for local entrepreneurs and investors interested in green mobility and energy solutions.

Speaking at the event, Mr. Asare highlighted that Ghana’s selection as the host country was the result of extensive discussions and presentations made to the Chinese firms. He noted that Ghana’s political stability, favorable investment climate, and strategic location in West Africa were decisive factors in attracting the partnership.

He further explained that the project aligns closely with the Ghanaian government’s automobile development policy, which promotes local vehicle assembly and green energy adoption. Moreover, by establishing an EV production base in Ghana, the country stands to benefit from increased foreign exchange through regional vehicle exports.

Representing the Chinese side, Mr. Zou Pinchun, Chairman of Sinovcle, expressed optimism about the venture. He praised Ghana’s rapidly growing economy and its potential to become a key automotive hub on the continent. He added that the company aims to support sustainable development and contribute to improving livelihoods through the introduction of green technologies.

Ms. Guo Ping, General Manager of Polyrocks, revealed that the project would go beyond electric vehicles to incorporate emerging technologies such as solar-powered and hydrogen-fueled cars. She announced plans to set up technical schools, training centers, and long-term support systems to ensure the sustainability of the industry.

All parties involved voiced their confidence in Ghana’s ability to become a major player in Africa’s clean energy vehicle market. The partners see the venture as a stepping stone toward positioning Ghana as a leading exporter of electric vehicles and a model for green industrialization on the continent.