Egypt to Launch Assembly of New Generation Electric Vehicles

Egypt plans to assemble new generation electric vehicles, prioritizing localization of production with China. The initiative includes a three-phase production plan to increase local component use. Prime Minister Madbouly emphasized investment attraction and collaborative training efforts with the Chinese delegation.

In a significant move, Egypt has announced plans to begin assembling a new generation of electric vehicles. Prime Minister Mostafa Madbouly articulated this initiative during a meeting with a delegation from China, highlighting Egypt’s desire to localize the production of electric cars. This effort comes as part of the country’s broader strategy to enhance its automotive industry, particularly within the eco-friendly transport sector.

Madbouly underscored the importance of collaboration with China, a global leader in the electric vehicle market. Underlining the government’s commitment, he pointed out that a dedicated law has been enacted to stimulate local car production. The Egyptian government is eager to expand its partnerships, especially with nations that have advanced capabilities in this field.

The plan involves a gradual assembly of new electric car models at a local manufacturing plant, marking a first for Egypt. The production will be approached in three phases, with the localization of components starting at a 45 percent threshold in the initial phase. This amount is expected to rise to over 60 percent as the project progresses into its final stages.

The Prime Minister also mentioned that a specialized state team is spearheading these localization efforts, positioning Egypt as a desirable destination for investment within the automotive sector. Furthermore, the discussions included the establishment of a training center by the Chinese delegation, aimed at educating local specialists and facilitating the transfer of technological expertise. This move could significantly reinforce Egypt’s production capabilities in the electric vehicle domain.

In a related note, it has been reported that China also plans to produce electric vehicles in Kazakhstan, which indicates a broader trend in the region aiming to establish stronger footholds in the electric vehicle market.

In summary, Egypt is set to make a substantial stride in the electric vehicle sector, led by Prime Minister Madbouly’s initiatives for localization and collaboration with Chinese partners. The move includes a phased assembly of electric cars in Egypt, with a steady increase of local components. A training initiative from China is likely to bolster local expertise, reflecting a commitment to enhancing production capabilities in the automotive industry.

Original Source: qazinform.com