All gas, no brakes for plans to locally assemble MG-branded vehicles: Al Mansour Automotive and Chinese state-owned SAIC’s project to assemble traditional and electric cars for SAIC-owned brand MG in Egypt are moving along, with the government allocating a 21k sqm plot in Sixth of October for the project, Al Mal reports, citing unnamed Industry Ministry sources.
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We got a more definite date of when to expect production to kick off, with the outlet’s sources saying that vehicles should start rolling off the assembly lines in 2026. The factory will put out a total of 15k cars a year.
Remember: The two have been working together for some time now, with Al Mansour securingthe rights to be MG’s exclusive distributor in Egypt back in 2018. Just a year after this, we first heard about Al Mansour Automotive’s plans to produce MG-badged vehicles in partnership with MG Motor parent company SAIC.
Much like other recently announced projects, localization is the name of the game, as the project aims to have a local component ratio of up to 45%. The ratio of local components will be increased as time goes on, with Al Mansour reportedly eager to take advantage of the government incentives to localize production.
** We did a deep dive into the challenges facing automakers in Egypt in our weekly Inside Industry column. Check out the story here.