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BYD, China's largest electric vehicle (EV) manufacturer, is currently facing significant challenges that have stalled its rapid growth. The company's sales momentum has slowed, particularly in its home market of China, due to several key factors: 1. Regulatory Crackdown on Price Wars Earlier in the year, Chinese authorities intensified scrutiny of the aggressive price cuts that fueled BYD's rise. In May 2025, BYD announced substantial price reductions across 22 models, with discounts reaching up to 34%. This move, aimed at clearing increasing inventory levels, led to government crackdowns on pricing wars, as such deep discounts were unsustainable and raised concerns about market stability. 2. Declining Domestic Sales The regulatory measures, coupled with consumer fatigue from frequent price changes, have contributed to a slowdown in domestic sales. In September 2025, BYD experienced its first monthly sales decline in 19 months, with a 5.5% year-on-year drop to just over 396,000 vehicles. This ended a growth streak since February 2024. 3. Profitability Pressures Despite revenue growth, BYD's profitability has been under pressure. In the second quarter of 2025, the company reported its first quarterly profit decline in over three years, with net income falling nearly 30% to 6.36 billion yuan ($891 million). The aggressive pricing strategy and increased competition have eroded profit margins. 4. Increased Competition BYD faces growing competition from both established automakers and new entrants. Companies like Geely, Leapmotor, and Xiaomi have been gaining market share, intensifying the competitive landscape. This increased competition has further pressured BYD's sales and market positioning. 5. Adjusted Sales Targets In response to these challenges, BYD has revised its annual sales target for 2025 from 5.5 million to 4.6 million vehicles. This adjustment reflects the company's efforts to align its growth expectations with the current market realities. Despite these domestic challenges, BYD continues to experience strong growth in international markets, particularly in Europe and the UK, where sales have surged. The company is focusing on sustainable growth strategies and innovation to navigate the evolving market dynamics. The Author: Mohamed Hussein

To: All Staff & Drivers Subject: Official Notification of Company Name Change Dear All, This is to officially inform everyone that our company’s previous name, Amaano, has been formally changed to ABOOSTO Transport and Logistics. 🔹 Reason: The Ethiopian Government’s eTrade system did not accept the previous name (Amaano). In accordance with the Commercial Code of Ethiopia (Proclamation No. 1243/2021, Articles 58–60) and the Trade Registration & Licensing Proclamation (Proclamation No. 980/2016), every company must use its legally registered trade name in all official transactions. 🔹 Implications: All contracts, payments, and official documents must now be issued under the new name ABOOSTO Transport and Logistics. Every staff member and driver is required to use this new name in all dealings with clients and government authorities. The previous name, Amaano, is no longer valid for any official business activities. Please ensure that this change is fully acknowledged and applied in all official matters. Thank you for your cooperation. Sincerely, Mohamed Hussein Mahamoud Chief Executive Officer (CEO) ABOOSTO Transport and Logistics Somali Regional State Jijiga, Ethiopia

Tokyo, Japan – Toyota has announced a groundbreaking development in electric vehicle (EV) technology with the introduction of a solid-state battery capable of powering a car for up to 1,200 kilometers on a single charge. The new battery promises not only extended range but also rapid charging, reaching full capacity in approximately 10 minutes. Solid-state batteries are considered the next frontier in EV technology, offering enhanced safety, durability, and efficiency compared to conventional lithium-ion batteries. Toyota’s new battery is expected to last 8,000 to 10,000 charge cycles, far surpassing the lifespan of current EV batteries, while minimizing risks of fire or degradation. The company plans to begin mass production by 2027–2028, in partnership with Japanese energy firm Idemitsu Kosan, which will supply key materials such as lithium sulfide for the solid electrolyte. Experts believe this innovation could revolutionize the EV market, addressing two major concerns of consumers: range anxiety and long charging times. Toyota’s breakthrough may also make high-quality electric vehicles more affordable and accessible to a wider audience. This announcement positions Toyota at the forefront of the EV revolution, signaling a future where electric cars could rival gasoline-powered vehicles in convenience, safety, and performance. Written by : Mohamed Hussein

Introduction Ethiopia is taking a decisive step toward sustainable and innovative transportation by embracing Electric Vehicles (EVs). This initiative reflects the country’s commitment to environmental stewardship, economic growth, and energy independence. The decision to adopt EVs is a strategic move that addresses multiple national priorities, from reducing carbon emissions to fostering technological advancement. --- 1. Harnessing Renewable Energy Resources Ethiopia boasts abundant renewable energy sources, including hydropower, wind, and solar energy. Hydropower alone accounts for over 90% of the country’s electricity production. By integrating EVs into its transportation system, Ethiopia can directly utilize clean energy to power vehicles, reducing the need for fossil fuels and promoting a sustainable energy-transport synergy. --- 2. Reducing Fuel Import Dependency Ethiopia currently imports a large portion of its petroleum products, which places significant pressure on foreign currency reserves. Switching to electric vehicles reduces reliance on imported fuel, strengthening the national economy and allowing resources to be redirected toward critical development sectors such as healthcare, infrastructure, and education. --- 3. Environmental Protection and Public Health Urban areas in Ethiopia, particularly Addis Ababa, face rising challenges related to air pollution and greenhouse gas emissions. Traditional petrol and diesel vehicles are major contributors to these problems. EV adoption will lower carbon emissions, decrease air pollution, and reduce noise, ultimately improving public health and environmental quality for all citizens. --- 4. Economic Growth and Technological Advancement The EV ecosystem—including vehicle assembly, battery production, charging infrastructure, and maintenance—offers significant opportunities for industrial development and job creation. Collaborations with international EV manufacturers can also foster technology transfer, enabling Ethiopia to build local capacity in the automotive and clean energy sectors. --- 5. Supporting National Climate Goals Ethiopia is committed to global climate initiatives, including the Paris Agreement, and has launched the Climate Resilient Green Economy (CRGE) strategy. The adoption of EVs is a practical step toward achieving these climate goals by directly reducing emissions in the transportation sector, one of the country’s largest sources of pollution. --- 6. Leading the Region in Sustainable Transport By embracing EV technology, Ethiopia positions itself as a regional leader in sustainable transportation. This forward-thinking approach can attract green investments, strengthen international partnerships, and inspire neighboring countries to pursue cleaner, more efficient transport solutions. --- Conclusion Ethiopia’s decision to embrace Electric Vehicles is a strategic, economic, and environmental milestone. By leveraging renewable energy, reducing fuel imports, and promoting green technology, the country is taking meaningful steps toward sustainable growth. This initiative not only supports the nation’s climate commitments but also ensures a healthier, cleaner, and more technologically advanced future for all Ethiopians. The transition to EVs underscores Ethiopia’s determination to lead Africa into a new era of clean and sustainable transportation, where innovation and environmental responsibility go hand in hand. --- ✍️ Submitted by: Mr. Mohamed Hussein Mahamoud Chairman, Amano Transport and Logistics 📧 Email: Info@amaanno.com 🌍 Web: www.amaanno.com