Egypt to Assemble New Generation Electric Vehicles in Collaboration with China

Egypt, under PM Mostafa Madbouly, is set to begin assembling new electric vehicles in partnership with China, focusing on localization and investment incentives. A phased production approach will increase local component usage from 45% to over 60%. Additionally, a Chinese training center will enhance local expertise in EV manufacturing.

Egypt is set to embark on a significant initiative to assemble a new generation of electric vehicles (EVs) as part of its government’s broader strategy to boost the automotive industry, a sector it considers vital for the nation. Prime Minister Mostafa Madbouly recently made comments indicating the country’s eagerness to enhance the local production of electric vehicles and foster collaboration with China, which is currently a frontrunner in the global electric vehicle market.

During a meeting with a delegation from China, Prime Minister Madbouly reiterated the government’s commitment to developing the automotive sector, particularly focusing on eco-friendly transportation solutions. He highlighted that Egypt has introduced specific legislation aimed at stimulating local car production. The Prime Minister’s remarks suggest a strong interest in expanding bilateral ties, which could pave the way for more aggressive localization efforts in the EV production chain.

As a result of these discussions, Egypt is poised to initiate the assembly of new electric car models at a local facility, marking a first for the nation. The production of these vehicles will unfold in three distinct phases, with the initial stage set to incorporate 45 percent local components, and this figure is expected to escalate to over 60 percent by the third stage.

Leading these localization initiatives is a specialized state team, as noted by the prime minister, who emphasized the importance of attracting further investment within the automotive sector. Meanwhile, the Chinese delegation expressed its commitment to the project by announcing plans to establish a training center in Egypt that would focus on equipping local technicians with necessary skills and transferring technological expertise, thereby enhancing local production capabilities.

In a broader context, this strategic collaboration builds upon previously established plans by China to expand electric vehicle production beyond its borders, including specific initiatives in Kazakhstan. This partnership with Egypt not only signifies a step towards sustainable transportation but also reinforces Egypt’s ambitions in modern automotive manufacturing.

In summary, Egypt is making significant strides in the production of electric vehicles, spearheaded by Prime Minister Mostafa Madbouly’s commitment to localizing the automotive industry with Chinese collaboration. The three-phase assembly plan aims to increase local component usage significantly. Furthermore, the establishment of a training center by the Chinese partners signals a focus on building local expertise. This development underscores Egypt’s ambitions for sustainable and eco-friendly transportation solutions.

Original Source: qazinform.com