Ethiopian media reported on Wednesday that Lifan Group, one of the biggest privately-owned enterprises in China, has already started the process to establish its subsidiary in Ethiopia.

Pan Juequan, chief representative of the company and project manager of the future establishment in Ethiopia told The Reporter newspaper that he hopes to get the subsidiary registered in three months.

Lifan Group is the sole supplier of engines, motors and spare-parts for Holland Car which produces Abay and Awash automobiles for the local market and export.

Lifan Group will establish “a new relationship” with Holland Car for which it is currently supplying its products, according to the newspaper report.

The vehicle assembly plant to be built in Ethiopia will produce different kinds of assembled cars, including buses and minibuses, and manufacture motorbikes, generators and water pumps, among others.

Founded in 1992, Lifan Group has rapidly grown and developed to be a large-scale private enterprise centering on the technology development, manufacture and sale of vehicles and motorcycles, according to information posted on the website of the company.

Source: APA