Ethiopia signs deal to assemble Indian commercial EVs

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Indian electric commercial vehicle maker EKA Mobility has entered into an agreement with Ethiopian conglomerate Kerchanshe Trading to build an EV assembly plant in the country. Under the deal, EKA will import Completely-Knocked-Down (CKD) components for local assembly. Ethiopia will be EKA’s base as it seeks to serve the East African market. 

• The majority of EVs in Africa, especially two-wheelers and three-wheelers, are used for commercial applications to reduce operational costs. A large proportion of electric cars and buses are also being deployed for commercial use for the same reason.  

• While China has been dominating Africa’s EV story, India is also emerging as a strong player. The country is a major source of parts and components used to assemble EVs on the continent, while more Indian companies are also establishing in Africa. 

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