Lifan to set up $10mln assembly plant in Ethiopia

Lifan Group, one of the biggest privately-owned enterprises in China, will set up a vehicle assembly plant, the first of its type, in Ethiopia with an initial investment outlay of $10 million, Pan Juequan, chief representative of the company and project manager of the future establishment in Ethiopia told The Reporter. Lifan Group is also the sole supplier of engines, motors and spare-parts for the locally assembled Holland Car which produces Abay and Awash antomobile for the local market and export.