More EV charging stations in the works? Two new local firms, a subsidiary of Elsewedy Electric dubbed Elsewedy Plug and Ikarus Electric, have each received a one-year license to build EV charging stations, Al Borsa writes, saying it has seen a decision handed down by the Egyptian Electric Utility and Consumer Protection Regulatory Agency (Egyptera).

We knew Elsewedy was eyeing EV charging: EGX-listed MB Engineering's EV charging subsidiary Sha7en earlier this year signed an initial partnership agreement with Elsewedy Electric to install, operate, and maintain EV charging stations over the coming three years. The agreement came shortly after Sha7en received its license to start operating EV charging stations.

Infinity dominates the EV charging market: Our friends at renewable energy player Infinity have built at least 190 charging stations so far nationwide with plans to up that number to 300 by 2024, part of a plan with the government to eventually set up 3k stations across the country.

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