Chery Overseas Investment Corp. to make pre-investment visit to Ethiopia

Addis Ababa, April 21, 2021 (FBC) – Deputy Head of Mission at Ethiopian Embassy in Beijing, Ambassador Dawano Kedir met with a delegation led by Hu Chun, the Deputy General Manager and International Product Director of Chery Overseas Investment Corporation yesterday.

The two sided held a comprehensive and constructive discussion on how to realize presence of Chery Overseas Investment Corp. in Ethiopia.

Ambassador Dawano reiterated the strategic and pivotal location of Ethiopia in Africa and its easier accessibility to the regional and global market, as well as the favorable trading incentives with many countries in the world.

Hu, expressing the appreciation of his company for the meeting, indicated that the company will take actions on the pre-investment visit to Ethiopia for detailed discussion with Ethiopian counterparts on areas of concrete cooperation.

Chery is a diversified enterprise group based on automobile industry chain, founded in October 2010, is a diversified enterprise group based on automobile industry chain, with nearly 50,000 employees and total assets of RMB 120 billion.

To follow the B&R Initiative and expanding international operation, the group is keen on exploring African market, especially Ethiopia, the home of the African Union and a country that has scored a dynamic economic development in the last two decades.