Marathon Motors Expands EV Lineup, Pushes Charging Partnerships


Marathon Motors Expands EV Lineup, Pushes Charging Partnerships

A pioneer in electric vehicle (EV) assembly, Marathon Motors Engineering, unveiled new models along with warranty and charging services at its plant on the outskirts of Addis Abeba last week. The company's lineup features the Hyundai Ioniq 5—priced at 9.25 million Br—with a range of up to 600 km on a single charge as well as the 2nd Generation Hyundai Kona EV, which can travel more than 550 km on a full charge and is priced at 7.25 million Br with discounts in view of the company’s 15-year establishment anniversary. A shorter-range Kona is availed at 5.85 million Br. At the unveiling ceremony in the presence of Bereo Hassen, state minister of transport service sector at the Ministry of Transport and Logistics, as well as Kang Jung, ambassador of the Republic of Korea to Ethiopia, co-founder and CEO Melkamu Assefa noted that the company currently operates charging stations at its Haile Garment site. He noted that the company has cooperated with Total Energies to install charging infrastructures at their fuel stations with the one at the Bole Road branch already installed. Marathon Motors, co-founded by Haile Gebreselassie, currently offers 15 different models, both EV and fuel-powered. The Hyundai vehicles are supported with an eight-year or 160,000km warranty on the main battery along with a complimentary one-year charging card.

[ssba-buttons]

Radar

Parliament Enacts Solid Waste Management, Disposal Proclamation

Parliament has unanimously passed the solid waste management and disposal proclamation, marking a decisive move toward environmental sustainability. It mainly introduces stringent penalties for the use and distribution of single-use plastic bags, focusing on reducing pollution and promoting responsible waste practices. Under the new proclamation, individuals carrying plastic bags face fines ranging from 2,000 to 5,000 Br, while commercial producers, importers, and retailers may be fined betwe...


Radar

NBE Sustains Dollar Supply as Exchange Rate Rises

The US dollar rose to an average of 134.95 Br in the seventh round of the National Bank of Ethiopia's (NBE) foreign exchange auction held on June 5, 2025. This marks a steady increase from 133.17 Br in the previous round and 132.90 Br in the fifth. In the latest bi-weekly auction, the central bank offered 50 million dollars to 12 commercial banks. By comparison, 60 million dollars was supplied to 16 banks at 132.96 Br in early May. In April, two auctions distributed 70 million dollars to 26 b...


Radar

Holland Dairy Unveils Cold Facility, Reinforces Eco Goals Through New Treatment Plant

Holland Dairy has officially inaugurated a cold storage facility and commissioned a wastewater treatment plant, marking a significant step forward in its commitment to growth and sustainability. The event was attended by the Mayor of Bishoftu and the Ambassador of the Kingdom of the Netherlands to Ethiopia, showcasing both national and international support for the initiative. The new cold storage facility, with a capacity of over 400,000 liters of yogurt, is designed to enhance supply chain...