MOENCO, a subsidiary of Inchcape Plc, has partnered with BYD to become the official distributor of the latter’s electric and hybrid vehicles in Ethiopia. This is Inchcape's third partnership with BYD, as the company already distributes BYD vehicles in Singapore, Belgium and Luxembourg. MOENCO will begin offering the vehicles in December 2024. The company stated it will provide comprehensive sales and after-sales support, including warranty, genuine spare parts, and quality maintenance. Moenco, or the Motor & Engineering Company of Ethiopia Limited Sc, is a prominent automotive company established in 1959 and represents around 20 brands. BYD, short for Build Your Dreams, is a Chinese multinational company which sold over three million battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) in 2023.

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