• Alemu Sime urges GAC Group to establish manufacturing plant in Ethiopia

• Proposal raised during GAC Juntu EV showroom launch in Addis Ababa

• New facility spans 2,300 sqm; introduces four EV models: AION UT, AION V, HYPTEC HT, HYPTEC HL

• Government targets local EV production to support industrialization policy

• Initiative aligns with shift to electric mobility and reduced fuel imports

• Local manufacturing expected to support technology transfer and job creation

why it matters?
Local EV production could reduce import dependency, support industrial policy, and strengthen Ethiopia’s position in emerging electric mobility markets.

• Deals signed with Sany International and Hangzhou Trumax

• Sany to supply wheel loaders and excavators in SKD form

• Trumax to supply batching plants and crusher plants in SKD form

• Equipment to support public and private construction projects nationwide

• Agreements include plans for parts localization and after-sales service expansion

• Trumax Ethiopia operates local branch with equipment fleet and service team

• Initiative supports industrial localization and reduced finished goods imports

Why it matters?
SKD assembly agreements support local manufacturing capacity, reduce import dependency, and improve equipment availability for Ethiopia’s construction and infrastructure sectors.

• Agreement focuses on bilateral financial collaboration frameworks

• Discussions include cross-border payment systems and settlement mechanisms

• Cooperation targets improved trade financing and liquidity support

• China remains one of Ethiopia’s largest trade and financing partners

• Huge potential to increase RMB reserves through revenue from Ethiopian Airlines and other sectors, as well as by transitioning key exports toward RMB settlement.

• Engagement aligns with Ethiopia’s efforts to diversify financial partnerships

• No specific monetary value disclosed for the agreement

Why it matters?
Strengthened financial ties with China can support RMB-based trade settlement, improve forex alternatives, and facilitate financing for Ethiopian businesses engaged in import and infrastructure sectors.