Kia Motors and an Ethiopian car company Belayab Motors to start producing cars in Ethiopia
logo Tigrai Online - Ethiopian Daily News

Kia Motors and an Ethiopian car company Belayab Motors to start producing cars in Ethiopia

Tigrai Online, Ethiopian News, Sept. 23, 2016

Kia Motors Belayab Motors to start producing Rio subcompact model and the Sportage sports utility in Ethiopia

One of the biggest South Korean car manufacturer, Kia Motors and an Ethiopian car company Belayab Motors PLC have signed a business agreement on Thursday to start assembling cars in Ethiopia. The South Korean car company Is also planning to expand to the rest of Africa. The company’s Middle East and Africa president Soon Nam Lee told Reuters his company is thinking opening similar plant in Algeria.

The car manufacturing plant in Ethiopia is located in the city of Adama in Oromia State just south of Ethiopian capital Addis Ababa. The plant is scheduled to start producing its first cars in January 2016.

"We plan to produce 3,000 vehicles of three models every year," Fikadu Girma, Belayab's general manager, told Reuters, adding the amount could rise to 9,000 if extra shifts are added.

The company disclosed the Rio subcompact model and the Sportage sports utility vehicle are among the models that will be assembled at the Adama plant. Belayab Motors PLC will expand the plant at the cost of 150 million birr ($6.83 million) investment.

Despite the recent destabilizing efforts by Ethiopian enemies, Ethiopia’s economy is going forward in a full speed. The cities of Gonder and Bahirdar have been severely hurt by the latest demonstrations which also damaged private businesses, government institutions, and factories. The city of Gonder which was one of the destinations for tourists has been turned in to a war zone by some of the local people. It is counterproductive for the local people to be part of this madness which would be more hurtful to them in the long run.

Advertisements

More Articles

Sponsored Links

Egyptian official admits Egypt is helping Ethiopian extremists

Atlantic Council shifts blame to rescue Eritrea from the wrath of USA

New Qabri Dahar International Airport serving the state and the country

Violating peace and stability will benefit no one

Messay Kebede’s utter disdain for Oromo people

Eritrea a neglected regional threat in the Horn of Africa

Somali State civil society delegation arrived in Mekelle, Tigrai State

EPRDF must now cleanse the Augean stables

Tigrai State Emergency Response Organizing Committee Press Release regarding displaced Tigraians

U.S. State Department issues Travel Warning for Eritrea

Tigrai State President Mr. Abay Woldu speaks about current Ethiopian issues

EPRDF should face the current Ethiopian problems head on and address them on time

South African cyclist won the third round UCI recognized Tour Meles

EPRDF’s rushed statement to placate anarchists in Gondar

A Comment on General Tsadkan and Professor Desta Asayehgn Reply

The National Palace of Emperor Yohannes IV Reopens for the Public

EPRDF versus rudderless populism

Extremists barking in Gonder insult the people of Tigrai

The Necessity of Assab Port to Ethiopia

Dawit Weldegiorgis: Derg remnant and Esayass’ coolie pontificating blood bath in Ethiopia

PFDJ axis of evil train runs out of steam and crashes before reaching Addis Ababa

Lt. General Tsadkan Gebretensae, Tignigna interview on current Ethiopian politics 2016

PFDJ Eritrean supporters declared victory against Ethiopian unity

Ubuntu, The Cardinal African Value To Solve Our Problems As Ethiopians

On Correct Understanding and Handling of Conflicts

For all constant Sacrifices Should Tigray and the Tigrayans be remunerated

Lessons from Canada in quelling lawlessness

Here is my stake on one contemporary political agenda in our country On the politics of Wolkayt identity

Never allow ESAT’s “Breaking News” to break your love for Ethiopia

Ethiopian government statement about the current illegal demonstration

While they brag, the Government keeps silent, but not still

Only in Ethiopia would bandits demand the government to release a common criminal

Lufthansa Technik to provide comprehensive Component Support for Ethiopian Airlines A350 fleet

General Tsadkan’s description may be plausible, but his prescription is beyond the bounds of possibility

Ethiopia suspends importing medicine from 11 Egyptian pharmaceutical companies

Eritrean soldiers and 400 hundred Afar rebels abandoned PFDJ

Is war with Eritrea justified?

Ethiopia, Djibouti, and China to launch $4 Billion natural gas project

Has push not come to shove yet for the Government

A stern reminder to the Ethiopian Federal government

Israeli PM visit to Ethiopia is scaring Eritrea and terrifying Egypt

Ethiopia and Israel sign various agreements to strengthen their ties

Ethiopia and Israel sign various agreements to strengthen their ties

Prime Minister Benjamin Netanyahu arrives in Ethiopia

The right decision at the right time for the right country- Ethiopia

We need to send Eritrea to the International Criminal Court

Ethiopia becomes a non-permanent member of the United Nations Security Council

Ethiopia blends hospitality, heritages and developmental agenda

Eritrean tyrant and his henchmen to be tried for crimes against humanity

Supporters of Isaias Afwerki are delusional beyond cure

The magnitude of damage to Eritrean Forces in Tserona and Badme fronts in Eritrea

Eritrea says Ethiopia is planning full scale war against the tiny nation

Eritrean leaders claim the United States of America has deployed weapons in the border

Go Ethiopia Go: Ethiopia’s Smart War of Attrition

The gallant Ethiopian Defense Forces have delivered a very clear message to the arrogant Eritrean leadersa

Heavy fighting erupted between Eritrea and Ethiopia

The gallant Ethiopian defense forces destroyed 245 Al-Shabaab fighters in Somalia

UN recommends Eritrean leaders should be tried for crimes against humanity

Opinions published on this site are those of the authors and not necessarily those of Tigrai Online.
©2005-2016 Tigraionline.com All rights reserved.