Rubex, Dershal sign MoU for electric car spare parts manufacturing

Plastics manufacturer Rubex has signed an MoU and non-disclosure agreement with Dershal — the local distributor of Dongfeng cars — that will see Rubex manufacture auto components and spare parts for electric cars, Rubex said in a disclosure to the bourse (pdf). Rubex has reportedly signed an agreement with another Chinese company to begin manufacturing electric cars in Egypt, and is waiting on the necessary licensing from the government.