The general manager of the Chinese, Jean Cui, expressed his desire to travel to Addis Abbaba to Ethiopian Ambassador in Beijing Tefera Derbew, during a meeting to learn about the investment potential to assemble electrical vehicles, the state television station Fana Broadcasting Corporate reported.
Derbew explained the main reasons why international manufacturers in the sector choose Ethiopia as their main investment destination, considering the growing demand for commercial cars induced by economic growth, and highlighted the government’s incentives for assembly.
Cui, in turn, noted the development of the economy and the middle class in Ethiopia as crucial players for the growing demand for vehicles and that the tax incentives introduced by the government for electric means show the commitment to the green economy and his company will be part of these initiatives.
He added that the upcoming visit of the Chinese corporation’s commercial representatives will aim to further research the opportunities and investment potential to establish a Chery commercial vehicle assembly plant.
Chery Automobile has been China’s top automobile exporter for 19 consecutive years, and its new energy commercial vehicle subsidiary, Karry, is considered the new energy commercial vehicle sales champion in China for two consecutive years.
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