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Dongfeng plans to invest USD 12 mn in EV assembly with El Nasr
China’s Dongfeng has upped its planned investments in a plan to locally assemble EVs with El Nasr Automotive to USD…
TONIGHT: Alex Medical bid war updates; RenCap’s MENA update coming.
Hump day in this short week is almost over, ladies and gentlemen. Enjoy it, as it will likely be the…
GB Auto net income doubles in 1Q amid higher demand
GB Auto’s net income more than doubled to EGP 299 mn in 1Q2021 compared to EGP 138 mn in the…
No more used EV imports as industry gets ready for local assembly
Importers can no longer bring in used electric vehicles (EVs) under a new Trade Ministrydecision designed to boost local EV…
The global chip shortage has officially hit our local auto industry
Major car manufacturers including GB Auto have been forced to slash production due to the global chip shortage, Khaled Saad,…
The gov’t has now been handing out new natgas vehicles for a full month
Update on the gov’t automotive natgas transition scheme: Egypt handed over 340 natgas cars as part of the natgas transition…
Unionaire rebrands as UGT
Unionaire Group Technology has announced its rebranding toUGT. The new entity will include Unionaire, Premium, Fine Stone and TCL, and…
How are we addressing our air pollution problems?
How are we addressing our air pollution problems? Air pollution costs Egypt an estimated EGP 47 bn a year in…
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