MIE launches new automobile model

Addis Ababa, EthiopiaMesfin Industrial Engineering (MIE) Plc inaugurated its second automobile in just a year after it launched its first GEELY car. MIE produced a car named “Addis” with a capacity of 1300 cc at its plant located in Mekelle last year, 783 Km north of Addis Ababa. Last Thursday, the engineering company inaugurated a new model called Saba with 1,500 cc.

The new automobile model costs the customer 430 thousand birr. Customers are subjected to pay 30 percent while the car is in the processes of assembly and the remaining 70 percent upon delivery.

The company assembled 32 such automobiles so far but plans to boost its capacity to 1,000 automobiles per annum.  The company assembles automobiles parts imported from Chinese car manufacturer, Geely International.  Read more on the Capital.