MIH signs MoU with China’s Dongfeng to locally assemble electric cars

China’s Dongfeng wants to locally assemble electric cars: The Public Enterprises MInistry’s Metallurgical Industries Holding Company (MIH) has signed an MoU with China’s Dongfeng Motor Corporation to assemble Egypt’s first electric cars at El Nasr Automotive. MIH board chairman Medhat Nafea was quoted by Hapi Journal as saying that 25k vehicles will be assembled annually, with production slated to begin in the last quarter of 2021. MIH announced last week that it had partnered with Malaysia’s Proton to assemble 20k cars annually, with production set to begin within three years.