Tripartite MoU signed to assemble electric vehicles in Ethiopia

Addis Ababa, November 16, 2024 (FBC) – Ethio-Engineering Group, SG Automotive Group, and Mr. Luta Investments Group have entered into a tripartite Memorandum of Understanding to collaborate on the assembly of electric vehicles in Ethiopia and address technical matters.

The agreement aims to expedite the transition to electric vehicles and collaborate on ensuring access to energy supply within the country.

Additionally, the agreement encompasses the construction of car charging stations and focuses on expanding the EV market to East Africa through market cooperation.