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[THE INVESTOR] Kia Motors and Ethiopia’s Belayab Motor have signed a deal for assembling the Korean automakers vehicles in Ethiopia, news outlets reported on Sept. 23.
According to reports, Belayab Motor will build an plant and assemble knockdown kits shipped from South Korea. The plant is said to be nearing completion, and the two companies plan to begin operations early next year.
The plant will initially assemble the Morning city car, and the two sides are reportedly negotiating the production volume.
By Choi He-suk (cheesuk@heraldcorp.com)
According to reports, Belayab Motor will build an plant and assemble knockdown kits shipped from South Korea. The plant is said to be nearing completion, and the two companies plan to begin operations early next year.
The plant will initially assemble the Morning city car, and the two sides are reportedly negotiating the production volume.
By Choi He-suk (cheesuk@heraldcorp.com)
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