{"id":76216,"date":"2023-02-27T02:00:24","date_gmt":"2023-02-27T02:00:24","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/02\/27\/uae-automaker-m-glory-holding-to-establish-ev-factories-across-mena\/"},"modified":"2023-02-27T02:00:24","modified_gmt":"2023-02-27T02:00:24","slug":"uae-automaker-m-glory-holding-to-establish-ev-factories-across-mena","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/02\/27\/uae-automaker-m-glory-holding-to-establish-ev-factories-across-mena\/","title":{"rendered":"UAE automaker M Glory Holding to establish EV factories across MENA"},"content":{"rendered":"

<\/a> UAE\u2019s M Glory wants to set up EV assembly plants across ME<\/strong>NA: <\/strong>UAE-based car manufacturer M Glory Holding<\/a> plans to establish three electric vehicle production factories across MENA in Egypt, the UAE, and Jordan with an investment ticket of USD 550 mn, WAM<\/a> reports. The agreements signed come as part of a raft of industrial agreements signed between the UAE, Egypt, Jordan, and Bahrain at a meeting for the Industrial Partnership for Sustainable Economic Development worth USD 2 bn, the statement notes. The timeframe for the projects has not been disclosed.<\/p>\n

The details:<\/strong> The company signed agreements with the Egyptian military\u2019s Arab Organization for Industrialization and Jordan\u2019s Design and Development Bureau as manufacturing partners, and signed an agreement with Bahrain\u2019s Gulf Aluminium Rolling Mill (Garmco) to source aluminum sheets, the news agency notes. M Glory is planning to produce 40k electric crossover SUVs in the first three years of operation.<\/p>\n

M Glory owns the UAE\u2019s first EV assembly plant:<\/strong> Al Damani Auto \u2014 owned by M Glory \u2014 inaugurated the UAE\u2019s first EV assembly facility<\/a> last December. The AED 1.5 bn EV plant can currently assemble 10k cars annually but plans to raise the production capacity to 55k cars per year over the coming few years. The factory will likely produce two models of Al Damani DMV300, which has a battery capacity of 52.7 kWh and can cover over 405 km on a single charge.<\/p>\n","protected":false},"excerpt":{"rendered":"

UAE\u2019s M Glory wants to set up EV assembly plants across MENA: UAE-based car manufacturer M Glory Holding plans to establish three electric vehicle production factories across MENA in Egypt, the UAE, and Jordan with an investment ticket of USD 550 mn, WAM reports. The agreements signed come as part of a raft of industrial […]<\/p>\n","protected":false},"author":1,"featured_media":76217,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[587],"tags":[1487,134,82,40,11,64,93,1488,52],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-76216","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-automotive","tag-arab-organization-for-industrialization","tag-automotive","tag-bahrain","tag-egypt","tag-enterpriseclimate","tag-evs","tag-jordan","tag-m-glory-holding","tag-uae","wpautop","entry"],"acf":{"mongo_id":"1333f98b-6b24-4506-8744-fa8a23e381b7","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/2\/711.jpg","photo_position":"above","related_issue":[76205],"teaser":"","voice_url":""},"yoast_head":"\nUAE automaker M Glory Holding to establish EV factories across MENA - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2023\/02\/27\/uae-automaker-m-glory-holding-to-establish-ev-factories-across-mena\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UAE automaker M Glory Holding to establish EV factories across MENA\" \/>\n<meta property=\"og:description\" content=\"UAE\u2019s M Glory wants to set up EV assembly plants across MENA: UAE-based car manufacturer M Glory Holding plans to establish three electric vehicle production factories across MENA in Egypt, the UAE, and Jordan with an investment ticket of USD 550 mn, WAM reports. The agreements signed come as part of a raft of industrial […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/climate\/2023\/02\/27\/uae-automaker-m-glory-holding-to-establish-ev-factories-across-mena\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-27T02:00:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/2\/711.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/02\/27\/uae-automaker-m-glory-holding-to-establish-ev-factories-across-mena\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/02\/27\/uae-automaker-m-glory-holding-to-establish-ev-factories-across-mena\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"UAE automaker M Glory Holding to establish EV factories across MENA\",\"datePublished\":\"2023-02-27T02:00:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/02\/27\/uae-automaker-m-glory-holding-to-establish-ev-factories-across-mena\/\"},\"wordCount\":246,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/02\/27\/uae-automaker-m-glory-holding-to-establish-ev-factories-across-mena\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/2\/711.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Arab Organization for Industrialization\",\"automotive\",\"Bahrain\",\"Egypt\",\"EnterpriseClimate\",\"EVs\",\"Jordan\",\"M Glory Holding\",\"UAE\"],\"articleSection\":[\"Automotive\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/02\/27\/uae-automaker-m-glory-holding-to-establish-ev-factories-across-mena\/\",\"url\":\"https:\/\/enterpriseam.com\/climate\/2023\/02\/27\/uae-automaker-m-glory-holding-to-establish-ev-factories-across-mena\/\",\"name\":\"UAE automaker M Glory Holding to establish EV factories across MENA - 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