China’s Guangzhou Automobile Group (GAC), the world’s second-largest electric vehicle (EV) manufacturer, makes its entrance into the local market.

At a launch event in Addis Ababa, Zeleke Temesgen, Commissioner of the Ethiopian Investment Commission, highlighted amendments to investment laws designed to draw more foreign investors. “These reforms demonstrate how serious Ethiopia is about attracting investment,” he said.

State Minister of Transport and Logistics, Bareo Hassen, welcomed GAC’s entry, noting it will ssupport Ethiopia’s transition to green mobility through vital knowledge and technology transfer. He emphasized the government's ambition not only to import EVs but also to develop local manufacturing for export.

GAC International President Wei Haigang called Ethiopia a key strategic market in East Africa. Huajian Chairman Zhang Huarong echoed this, citing Ethiopia’s competitive electricity-to-fuel ratio and announcing GAC AION’s target of 30% EV market share by 2030. GAC plans to offer models such as the ES9 PHEV, E8, and AION Y to local consumers.

Source (including image): Ethiopian News Agency