Raya Auto partners with XPeng to deploy EVs in Egypt: Raya Holding is partnering with Chinese EV maker XPeng to deploy three EV models in Egypt in 1H 2024, Hapi Journal reports. The company is boosting its EV operations with a EGP 500 mn investment and is targeting 10% of the Egyptian EV market in 2024, with plans to sell 3.5k EVs as a first stage. Some 2.5k Raya EVs were licensed in 2023, up from 1.2k in 2022. XPeng’s partnership with Raya — which has been in the works for two years — marks the first entrance for the Chinese’s automaker in Africa’s market, Daily News Egypt said.

About the models: As part of Raya Auto’s efforts to localize the industry, the company will roll out XPeng's G9, G6, and P7i EV models. The vehicles can reach 80% charge within 25 minutes, and have ranges of 600 to 700 km per charge. The company will also offer warranty and maintenance services across 3 different centers in Cairo at the car’s 8 year mark, or after it hits 160k km on the road.

Part of XPeng’s plans to overcome EV sector bottlenecks: In the wake of giant EV makers either missing their annual production targets or hitting record low slumps in stock, XPeng has shifted its strategy to focus on becoming a global player instead of focusing only in the Chinese market, XPeng Vice Chairman Brian Gu said in April. XPeng is also diversifying its activities, having been granted a flight permit in February for testing its electric take-off and landing (eVTOL) aircrafts.

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