PAN Nigeria Limited says it has dropped Peugeot assembly plant and opted for two Chinese brands, Chery and Higer.
The auto company dismissed reports that its Kaduna State-based factory has been bought over.
It added that the factory had evolved as a multi-brand assembler of reputable international brands.
PAN Nigeria which recently named Taiwo Oluleye as its acting managing director, said it would be rolling out new vehicle models designed to meet its target market.
– Punch