Egypt, China’s Dongfeng to sign EV agreement in January

Public Enterprises Minister Hisham Tawfik will sign an agreement with Chinese auto company Dongfeng to produce electric vehicles with state-owned El Nasr Automotive in January, according to a cabinet statement. The Metallurgical Industries Holding Company will then conduct a feasibility study to assess the investment necessary to upgrade El Nasr’s factory in line with technology used by Dongfeng.