Korean auto giant, Hyundai, opens an assembly plant in Ethiopia

In a major push to boost automotive industry, Ethiopia has commissioned the establishment of Hyundai Marathon Motor Vehicle Assembly plant, the first car assembly plant in East Africa, a month after German auto giant Volkswagen announced its entry in Ethiopia.

The plant has the capacity to assemble 10,000 cars in eight different models per year and will create employment opportunities for 200 people initially, with the possibility to create 1,000 jobs once it goes fully operational.

The Marathon Motor Engineering owned by the renowned Ethiopian athlete Haile Gebreselassie entered into a joint venture with Hyundai Motor Company to start an assembly line to manufacture vehicles.

Foreign Minister, Workneh Gebeyehu, inaugurated the vehicle assembly plant in Addis Ababa on Thursday, where South Korean Hyundai Motor Company Chief Executive Officer, Won Hee Lee, presided over the inaugural event.

On the occasion, Minister Workneh said with the view of expanding the country’s automotive industry; the government will continue to support investors who engage in the sector.