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Egypt to start manufacturing FAW EVs in less than a year. PLUS: Pharma, commodities, telecom news
Production will be scaled up over the next three to five years
GB Logistics launches bonded warehouse services. PLUS: News from GB Auto, Beltone, Infinity, EgyptAir
Bonded warehouses are government-authorized facilities that store goods for a limited time without being subject to fees
GV Auto signs agreement with China’s FAW to manufacture, assemble, distribute, and export EVs
The companies plan to establish a hub from which they aims to export EVs from Egypt
Last night’s talk shows were electric with talk of EV charging points
Our friends at Infinity Power currently have 700 charging outlets spread across 170 stations in 14 governorates, Fouad added.
Cabinet approves USD 88 mn auto cables plants, ATIDI membership, fresh foreign assistance
The factory will earmark a sizable portion of its output — made using 60% locally-sourced materials — to exports
Auto sales fall 43% m-o-m in March as customers wait for further price reductions
Distributors sold a mere 4.2k units last month, down just over 43% m-o-m
THIS EVENING: Auto sales dropped to their lowest levels in 5 years in March
Good afternoon, ladies and gentlemen, and happy hump day. In today’s issue, we look into how job applicants exploit AI…
Kastour teams up with China’s Foton to assemble electric buses. PLUS: Ashry Steel, Radwan, Mylerz, SODIC, RMBV
The buses will go to both public and privately-owned public transportation providers and the two companies
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