ETHIOPIA - Ethiopian Latest News from DireTube - October 3, 2016
Addis Ababa on March 5, 2016 CLF - Lifan Motors PLC, a subsidiary of Chinese automaker Lifan Group, has launched its two latest models assembled in Ethiopia, Lifan Lifan L-7 and X-50 on Thursday.
Dr. Tedros Adhanom, Minister of Foreign Affairs of Ethiopia, who was the guest of honor at the launch of the latest models, called the company to expand its investments in Ethiopia.
At present, Lifan has a capital investment of 6 million he insisted should increase in the future.
Dr. Tedros continued to propose three questions Lifan Motors should take advantage while operating in Ethiopia The minister urged the company to consider export markets in the region and beyond.
We recommend and encourage you to consider the region and beyond from Ethiopia is strategically located for easy access March 5 billion people, Dr. Tedros said.
He added that the company would increase the added value of 10 percent today, he brought to the country by a larger amount and urged the management of the company to spread the word to other companies in China that Ethiopia is a country favorable to investors.
The Minister appointed the first six countries of FDI Foreign direct investment in Ethiopia namely China, Turkey, India, Saudi Arabia, the Netherlands and the United Kingdom.
Mark Qun, deputy general manager of Lifan Motors, on his part said his company plans to export its cars assembled in countries like Egypt We are studying Egypt for immediate export market and start to ship soon, said Mark.
Tailored to the request of the Ethiopian market, Mark said that the latest introduction of X-50 and Lifan Lifan L-7 are available on the market at a price of 550,000 Birr.
In addition to this, the company is also set to deliver the first batch of 1000 units of Lifan 530 for Addis Ababa Taxi Owners Association.
Recently, the company acquired an assembly plant of 20,000 square meters is dedicated to the assembly of semi-knocked down parts in the industrial area of the East in the city of Dukem, some 37 km south-east of the capital city.
CLF Lifan launches new latest models assembled in Ethiopia, Lifan, the last models.