Egypt Begins Assembling New Generation Electric Vehicles with Chinese Collaboration
Egypt is poised to start assembling electric vehicles, focusing on localization and collaboration with China. Prime Minister Mostafa Madbouly emphasized the significance of developing the eco-friendly transport sector. Production will commence in phases, raising local content from 45% to over 60%. A Chinese training center will also be established to further enhance local expertise.
In a significant push towards enhancing its automotive sector, Egypt is set to begin assembling a new generation of electric vehicles (EVs). Egyptian Prime Minister Mostafa Madbouly expressed the government’s commitment to localizing EV production and strengthening ties with China, a key player in the electric automotive industry, as reported by TV BRICS.
During a meeting held with a Chinese delegation, Prime Minister Madbouly highlighted the government’s focus on developing eco-friendly transportation options, marking it as a priority in their national strategy. He mentioned that Egypt has recently enacted a law designed to promote the localization of car production, indicating a readiness to deepen bilateral cooperation with Chinese industrial partners.
As part of the agreements between the two nations, Egypt plans to initiate assembly operations for electric vehicle models at a local facility—this will mark the first time such production occurs within the country. The rollout will unfold in three phases, gradually increasing the local content in the vehicles from 45 percent in the initial stage to over 60 percent by the final phase.
In terms of investment and development, Prime Minister Madbouly shared that a special state team is spearheading localization efforts, aiming to attract more investment into the automotive sector. This indicates a strategic move to enhance domestic production capabilities while bolstering the economy.
In response, the Chinese delegation announced plans to establish a training center in Egypt, focused on training local specialists and transferring essential technological knowledge, which is expected to significantly bolster Egypt’s production capacity in the electric vehicle space.
Before this development, it was reported that China had intentions to produce electric vehicles in Kazakhstan. This shows the global interest in expanding electric vehicle production and indicates Egypt’s position as a potential automotive hub in the region.
Egypt’s announcement to begin assembling electric vehicles marks an important step in its automotive industry, emphasizing localization and international cooperation. With the support from China in technology and training, the country aims to enhance its production capabilities. This effort not only aligns with global trends towards electric transportation but also signals Egypt’s ambitions to become a key player in the EV market.
Original Source: qazinform.com
