Three Chinese companies, Calmaco YTO Group, Geely International Corporation and Shaolin Bus Manufacturing Limited, have entered into a partnership agreement with the Oyo State Government to establish an assembly plant for cars, buses and tractors.
The Regional Director of Camaco YTO, Hai Anto, who spoke on behalf of the three companies, said the partnership was the result of months of planning and discussion among all the parties involved, adding that the project would bring about sustainable socio-economic development in the state.
He spoke on Wednesday during a business meeting with the Oyo State Governor, Mr. Abiola Ajimobi, which was also attended by the Director of Industrial Infrastructure, National Automotive Council, Mr. Waheed Odetoro, in Ibadan.