Nigeria finally has a “homegrown” electric crossover with a public price tag. Hybrid Motors Nigeria, the Lekki-based dealer and assembler, has listed its Acely EV01 from ₦50 million on its official vehicle pages, with a September 2026 launch window. It is billed as a locally assembled electric SUV built with Shanghai design partner Launch Design, and it arrives as petrol sits above ₦1,300 per litre in Lagos.
So is the Acely EV01 price in Nigeria good value next to imported Chinese EVs and fuel-efficient petrol SUVs? Below we cover what’s confirmed, what it should cost to run, how it stacks up against rivals, and the questions to ask before you pay a deposit.
What Is the Acely EV01?
Acely is the in-house brand of Hybrid Motors Nigeria. In May 2026 the company signed a strategic partnership in Shanghai with Launch Design to set up EV manufacturing plants in Lagos and Abuja. According to reports on the deal, the Lagos facility on the Lekki-Epe corridor is planned as the main production and assembly hub with a projected capacity of 50,000 vehicles a year. The Abuja site, in the Free Zone area of Centenary Economic City, is targeted at 20,000 units a year and is meant to serve Northern Nigeria and nearby Sahel markets.
The EV01 is the first product from that plan. Hybrid Motors describes it as an electric crossover “built for modern urban and intercity driving”, with practical ground clearance and driver-assistance technology. The company also lists an Acely T03 electric pickup as “coming soon”.
Acely EV01 Specs (Official Figures)
These are the figures Hybrid Motors Nigeria publishes for both trims:
- Body type: 5-seat crossover SUV
- Powertrain: fully electric (BEV)
- Battery: 67.1 kWh
- Motor output: 99 kW (133 hp)
- Claimed range: up to 500 km (CLTC test cycle)
- Trims: EV01 SE and EV01 CE
A note on that 500 km figure: CLTC is the Chinese test cycle, and it usually gives higher numbers than real driving, especially at highway speed with the air conditioning running hard, which is normal in Nigeria. A sensible planning figure is well below the claim, likely somewhere in the 350–420 km range for mixed Lagos or Abuja driving. That’s our estimate, not a manufacturer number. Wait for independent road tests before you rely on it.
133 hp is modest for an SUV this size. It should be fine for city traffic and steady highway cruising, but don’t expect strong overtaking power on a loaded run to Ibadan or Benin.
Acely EV01 Price in Nigeria
Hybrid Motors Nigeria’s listed starting prices are:
- Acely EV01 SE: from ₦50,000,000
- Acely EV01 CE: from ₦60,000,000
The word “from” matters. The listings don’t say whether registration, number plates, insurance or a home charger are included. They also don’t fully spell out what separates the SE from the CE: both pages show the same battery, motor and range. So the ₦10 million gap probably comes down to features and equipment. Ask the dealer for the full trim sheet before you choose.
The company says every purchase comes with its “5-Factor” ownership package, covering five years, and that it offers loans and leases through Hybrid Motors Financial Services. Its financing page advertises loan terms of 12 to 60 months and a decision within 48 hours. It does not publish interest rates. For context on what bank car loans cost now, see our guide to car loans in Nigeria after CBN’s rate cut.
How Much Does It Cost to Charge?
This is where an EV can beat petrol, as long as you have reliable power.
NERC tariff schedules put the Band A rate at about ₦209.50 per kWh in many DisCo areas (rates vary by DisCo and band, so check your own meter receipt). On that basis, here is a rough estimate:
- Full charge of a 67.1 kWh battery: about 67.1 × ₦209.50 ≈ ₦14,000, or roughly ₦15,500 once you add typical charging losses of around 10%.
- At a realistic 380 km per charge, that works out to about ₦40 per km.
- A petrol SUV doing 10 km per litre, with Lagos pump prices around ₦1,360 per litre in early October 2026, costs about ₦136 per km in fuel.
So on grid power, energy costs could be about a third of a petrol SUV’s. Drive 15,000 km a year and the difference could be over ₦1.4 million a year in energy alone. These are estimates. Real savings depend on your band, how much charging you do on a generator (which wipes out most of the gain), and public charger pricing.
Charging infrastructure: Hybrid Motors says it is building its own network. In June 2026 it announced 8 mega charging stations, substantially solar-powered, with 96 charging units, as part of a ₦25 billion drive-to-own fleet deal with DriveMe Mobility for ride-hailing drivers. It also says it plans 110 mega stations nationwide over five years. Separately, the company announced a $95 million equipment investment in June to support its manufacturing and charging rollout in Lagos and Abuja. For the wider picture, read our breakdown of EV charging in Nigeria in 2026.
Acely EV01 vs Rivals Available in Nigeria
The EV01 isn’t arriving in an empty market. Here’s how it compares on price with alternatives Nigerian buyers are already considering:
- Acely EV01 SE / CE: ₦50m / ₦60m (official listing); 67.1 kWh; locally assembled; dealer network still being built.
- BYD Atto 3: dealer and listing prices quoted in 2026 vary widely, from roughly the low-₦30 millions to above ₦55 million depending on trim, year and source. It has an established global track record. See our BYD price in Nigeria guide.
- Hybrids (Toyota, Lexus and others): no charging worries and a mature parts supply, but you still pay for petrol. Our hybrid vs EV comparison goes through the trade-off.
- New petrol compact SUVs and sedans: 2026 listings put a new Toyota Corolla roughly in the ₦20m–₦50m range depending on dealer and spec, so the EV01 carries a premium over many petrol options before running costs are counted.
On sticker price alone, the EV01 isn’t cheap, and depending on the quote it may cost more than some imported BYD Atto 3 units. Its case has to rest on local support, financing, its own charging network and lower running costs.
Why “Locally Assembled” Matters for Price
Nigeria’s tariff structure still favours local assembly. Per analysis quoted by BusinessDay earlier this year, Completely Knocked Down (CKD) kits attract zero duty and Semi Knocked Down (SKD) kits about 10%. Fully built imports pay more. The Nigeria Customs Service said in July 2026 that tariffs on brand-new vehicles had been cut from 20% to 10% and on used vehicles from 15% to 5% under the 2026 Fiscal Policy Measures, which narrows the advantage local assemblers enjoy.
Local assembly can also mean faster parts supply and warranty work within the country, which matters a lot for an EV. Still, the Lagos and Abuja plants were announced as plans in May. Ask the dealer exactly where and how your unit was assembled, and whether it qualifies for any government EV incentive.
Honest Drawbacks to Consider
- New, unproven brand. Acely has no long-term reliability record in Nigerian heat, dust and potholes yet.
- Resale value is unknown. With no used Acely market yet, you can’t predict depreciation, and that also affects loan and insurance terms.
- Optimistic range claim. CLTC numbers flatter real-world range.
- Power supply. Without Band A power, solar or easy access to the company’s chargers, much of the running-cost saving goes away.
- Battery warranty details. The listing doesn’t publish battery warranty terms. Get them in writing.
- Modest power. 133 hp is adequate rather than strong for a 5-seat SUV.
Who Should Consider the Acely EV01?
It makes the most sense for buyers who:
- Drive mostly within Lagos or Abuja, where Hybrid Motors is focusing its charging rollout
- Have Band A power, a solar setup, or a reliable charging point at home or work
- Want dealer financing and local after-sales support instead of a self-imported EV
- Cover high mileage, such as ride-hailing or fleet use, where fuel savings add up fastest
If you regularly drive long interstate trips, or you depend on a generator, a hybrid or a fuel-efficient petrol car may still be the safer choice for now.
FAQ: Acely EV01 in Nigeria
How much is the Acely EV01 in Nigeria?
Hybrid Motors Nigeria lists the EV01 SE from ₦50 million and the EV01 CE from ₦60 million. These are starting prices; confirm the on-the-road total with the dealer.
What is the Acely EV01’s range?
Up to 500 km on the CLTC cycle, from a 67.1 kWh battery, per the company. Expect less in real driving.
Is the Acely EV01 made in Nigeria?
Hybrid Motors describes it as locally assembled and developed with Launch Design Shanghai. The planned Lagos and Abuja plants were announced in May 2026.
Can I buy the Acely EV01 on a car loan?
Hybrid Motors advertises in-house loans and leases over 12 to 60 months. Interest rates aren’t published, so compare its offer with bank car loans.
Key takeaway: The Acely EV01 is a significant step for locally assembled EVs in Nigeria, with official pricing of ₦50m–₦60m, a 67.1 kWh battery and a strong running-cost case on grid or solar power. But it’s a new brand with no track record. Get the full trim sheet, the battery warranty and the charging access details in writing before you commit.
Specifications and prices are as listed by Hybrid Motors Nigeria; tariff figures are per the Nigeria Customs Service and NERC tariff schedules; fuel prices are per published NNPC pump price reports. Vehicle prices, import duties and specs change frequently in Nigeria. Always confirm current figures with the dealer or official source before buying.
