- Advertisement -

Lifan plans new assembly plant in Ethiopia

Reading Time: < 1 minutes

News like this to your inbox or phone?

Weekly summary to your inbox

Never miss an important news

Get Instant notification once the news is pusblished.

Lifan plans new assembly plant in Ethiopia

Lifan Industry Group Co, a Chinese automaker, plans to spend $3.5 million moving into a new vehicle-assembly plant in Ethiopia next year as it seeks to expand in Africa, General Manager Liu Jiang said.

The company’s Ethiopian unit, Yangfan Motors Plc, may begin manufacturing cars in nation and spend as much as $30 million over five years if sales continue to grow, he said in an interview in the capital, Addis Ababa. Lifan is basing its African operations in Ethiopia because of the country’s “good relations” with China, its growing economy, low crime rate and political stability, Liu said on Friday.

Via: ChinaDaily.

News instantly?

Get notified about every news in your phone.

- Advertisement -

3 COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisement -