South Korea's Hyundai opens assembly plant in Ethiopia

ADDIS ABABA: South Korea’s Hyundai Motor Company opened a 10,000-a-year vehicle capacity assembly plant in the Ethiopian capital Addis Ababa on Thursday, its first factory in East Africa.

While second-hand vehicles dominate sales in the Horn of Africa country, Hyundai hopes locally-assembled cars could prove attractive given the cost of imports due to high taxes.