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African News Herald > Blog > Business > PKA, Chinese firms sign MoU to set up electric vehicle plant in Ghana
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PKA, Chinese firms sign MoU to set up electric vehicle plant in Ghana

ANH Team
Last updated: August 25, 2025 12:49 pm
ANH Team
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PKA Export and Import, a Ghanaian company, has recently signed a memorandum of understanding with Chinese firms Polyrocks and Sinovcle to establish an electric vehicle assembly plant in Ghana. This groundbreaking agreement was finalized on Wednesday, August 20, 2025, in Accra, paving the way for a joint venture between PKA and its Chinese partners to manufacture electric vehicles for both the Ghanaian and West African markets.

During the signing ceremony, Prince Asare, the Executive Chairman of PKA, expressed his excitement about the project, which had been in the works for over two years. He emphasized that the establishment of the plant is expected to revolutionize Ghana’s automobile industry. Construction of the facility is set to commence by the end of 2025, with an initial production target of 5,000 vehicles per year, gradually increasing to 20,000 units in the following years.

The project is anticipated to create over 1,000 direct jobs and more than 2,000 indirect employment opportunities, while introducing cutting-edge electric vehicle technology to the West African region. Moreover, PKA plans to implement training programs for managers, technicians, and mechanics, with the intention of licensing specialized electric vehicle repairers across Ghana.

Furthermore, the initiative will involve the establishment of charging stations and service centers, presenting opportunities for private investments in the electric vehicle charging sector. Asare highlighted that Ghana was chosen over other African nations due to its favorable investment climate and peaceful environment.

The Chairman of Sinovcle, Mr. Zou Pinchun, explained that Ghana was selected as the location for their first African factory because of its rapidly growing economy and promising automobile market. Sinovcle aims to enhance local livelihoods and promote green energy solutions through this venture.

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On the other hand, the General Manager of Polyrocks, Ms. Guo Ping, disclosed that the collaboration will not only focus on assembling electric vehicles but also introduce innovative technologies such as solar-powered and hydrogen-powered cars. Polyrocks plans to establish training schools, charging stations, and service centers to provide technical skills and long-term support for the industry.

The partners expressed their confidence in Ghana’s potential to export electric vehicles to other markets in the future, positioning the country as a key player in Africa’s green automobile industry. This strategic partnership aligns with the government’s automobile development policy and is poised to boost foreign exchange earnings through exports, marking a significant step towards sustainable development in the region.

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