Inchcape and BYD partner again with new Distribution agreement for Ethiopia

Inchcape has this week signed an agreement with BYD ('Build Your Dreams'), to distribute the New Energy Vehicle (NEV) manufacturer's cars in Ethiopia.

The deal between the two companies is their first Distribution agreement in Africa, adding to existing agreements in Belgium & Luxembourg and Singapore. It underpins Inchcape's strong relationships with OEMs (Original Equipment Manufacturers) and understanding of the markets it operates in, as the company continues delivering its ambition of being the world's leading automotive Distributor.

The agreement to distribute BYD's cars in Ethiopia is being delivered through Inchcape company, MOENCO, as Ethiopia seeks to increase NEV adoption, aligned with Inchcape's own commitment to the mobility transition.

Francis Agbonlahor, Managing Director, Inchcape Africa said: "This strategic partnership between MOENCO and BYD marks a pivotal moment in the Ethiopian automotive landscape, as we work hand-in-hand to lead the charge in providing efficient, technologically advanced, and intelligent green energy mobility solutions."

Inchcape's partnership with BYD in Ethiopia means customers can benefit not only from an exciting range of NEVs, but also the Value Added Services Inchcape can offer through OEMs, like parts and aftersales support.

The Distribution agreement to offer BYD's EVs is set to begin from December 2024.

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