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Gov’t eyes part of China’s USD 52 bn Africa pledge
PLUS- Aman is mulling over the acquisition of a Saudi company
Kasrawy Group, Jetour are setting up a USD 123 mn factory to locally assemble Jetour models
The factory will locally assemble the T1 and T2 Jetour models
Sumitomo Electric inaugurates solar-powered auto parts factory
Good afternoon, friends. We hope you’ve been enjoying today’s weather as much as we have. We have a brisk issue…
GAC Motor could set up a USD 300 mn car manufacturing plant here
PLUS- Oppo plans to make Egypt its second largest global production hub after China
Gov’t mulls fresh incentives to localize EV manufacturing
Authorities are reviewing a package that includes tax breaks, subsidies, and more
Auto prices drop 15% amid high inventory, sluggish demand
Slower demand and a rush to sell last year’s models are driving car prices down
Auto sales edge up 1.8% m-o-m in March
On a yearly basis, total auto sales in March were up 156.5%,
The Automotive Industry Development Program is getting a facelift
The move comes as part of the government's efforts to localize the auto industry
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