Elauto Engineering and Trading has inaugurated an ETB600 million factory inside the nation’s first free trade zone with the capacity to assemble up to 12,000 cars annually.
Jointly inaugurated by Bekele Abebe, General Manager of Elauto, and Tokicha Alemayehu, Founder and President of Elnet Business Group, the parent company of Elauto, as well as Kedir Juhar, Dire Dawa city mayor and Sandokan Debebe, Industrial Parks Development Corporation CEO, the factory will assemble four car models, both four-seater and seven-seater types.
While 80 employees are currently employed, the factory has plans to hire up to 300. There are also plans to grow from assembly to fully manufacturing vehicles in Ethiopia.
Elauto has opened a branch in neighboring Kenya where it is undertaking engine assembly.