AvtoVAZ, the Russian state-owned automaker, and Ethio Engineering Group have signed a letter of intent to collaborate on manufacturing Lada cars in Ethiopia. The agreement was signed by Ambassador Suleiman Dedefo of Ethio Engineering and Ilya Savinov, Vice President of Sales and Marketing at AvtoVAZ. The collaboration involves Ethio Engineering initially assembling Lada cars, later transitioning to full production for local and African markets, with a focus on agriculture, agro-processing, mining, and manufacturing sectors. According to earlier reports, Lada cars manufactured in Ethiopia have the potential to be exported to other African countries, including Sudan, South Sudan, Kenya, and Somalia. Additionally, there are reports indicating the interest of other Russian car manufacturers in investing in Ethiopia's car assembly sector.

Source: Ethiopian News December 19, 2023 07:31 UTC