Mariout Hills

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 12 mn from USD 10, as part of a USD 60 mn plan. The two state-owned companies are set to sign a final agreement within three weeks, Public Enterprises Minister Hisham Tawfik said. Other things…