{"id":542710,"date":"2022-01-12T04:06:26","date_gmt":"2022-01-12T04:06:26","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/12\/egypt-to-see-its-first-locally-assembled-ev-in-2023\/"},"modified":"2022-01-12T04:06:26","modified_gmt":"2022-01-12T04:06:26","slug":"egypt-to-see-its-first-locally-assembled-ev-in-2023","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/12\/egypt-to-see-its-first-locally-assembled-ev-in-2023\/","title":{"rendered":"Egypt to see its first locally assembled EV in 2023"},"content":{"rendered":"

<\/a> Egypt will produce its first locally assembled electric vehicles next year,<\/strong> President Abdel Fattah El Sisi said in an address to the World Youth Forum yesterday (watch, runtime: 10:26<\/a>). His comments come after the government last week said it was in talks<\/a> with two Chinese companies to partner with El Nasr Automotive to produce electric cars in Egypt, with a view to signing final contracts by March.<\/p>\n

A Dongfeng-derived delay:<\/strong> El Nasr was aiming to have Egypt\u2019s first 100 homegrown EVs ready by July-August 2022 \u2014 then negotiations with Chinese auto firm Dongfeng to locally assemble its E70 cars collapsed in November<\/a>. The company has since narrowed seven<\/a>proposals<\/a> from new potential EV partners down to the two Chinese firms, with an eye to finalize terms later this month.<\/p>\n

General Motors and Al Mansour are also <\/strong>in the running<\/a><\/strong> to jointly produce EVs<\/strong>: The two companies signed an MoU on the plan in December and are working to present a study to the government sometime within the next few months.<\/p>\n

And incentives could be announced soon:<\/strong> The Madbouly government is finalizing incentives to the local industry under a long-delayed automotive strategy. The measures could offer manufacturers customs discounts for using locally-produced components, potentially linked to their added value<\/a> (i.e cost). It could also provide buyers of locally-made EVs subsidies worth up to EGP 50k. The incentives were expected<\/a> to come out in December<\/p>\n

Also in store:<\/strong> The government will invest at least EGP 450 mn<\/a> to roll out the infrastructure required to make EVs viable on Egyptian roads, led by industry leader Infinity, which will set up 6k electric vehicle charging points across 3k stations nationwide. An official announcement on EV charging tariffs<\/a> and regulations governing the industry is also expected soon.<\/p>\n

The rise of the <\/strong>EV:<\/strong> Infinity co-founder and CEO Mohamed Mansour expects 40-50k EVs on our roads by 2025, up from a current 1.5k, as we see models from global brands being offered, he told us<\/a> earlier this week.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt will produce its first locally assembled electric vehicles next year, President Abdel Fattah El Sisi said in an address to the World Youth Forum yesterday (watch, runtime: 10:26). His comments come after the government last week said it was in talks with two Chinese companies to partner with El Nasr Automotive to produce electric […]<\/p>\n","protected":false},"author":1,"featured_media":542711,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7825],"tags":[96,357,250,72,356,355,246,334],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-542710","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-green-economy","tag-abdel-fattah-el-sisi","tag-automotive-directive","tag-el-nasr-automotive","tag-enterpriseam","tag-evs","tag-general-motors","tag-green-economy","tag-infinity","wpautop","entry"],"acf":{"mongo_id":"e01712b2-bb02-4e7a-90c0-7ceea783a6e7","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/1\/142.jpg","photo_position":"above","related_issue":[542698],"teaser":"","voice_url":""},"yoast_head":"\nEgypt to see its first locally assembled EV in 2023 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/12\/egypt-to-see-its-first-locally-assembled-ev-in-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt to see its first locally assembled EV in 2023\" \/>\n<meta property=\"og:description\" content=\"Egypt will produce its first locally assembled electric vehicles next year, President Abdel Fattah El Sisi said in an address to the World Youth Forum yesterday (watch, runtime: 10:26). His comments come after the government last week said it was in talks with two Chinese companies to partner with El Nasr Automotive to produce electric […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/12\/egypt-to-see-its-first-locally-assembled-ev-in-2023\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-12T04:06:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/1\/142.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/12\/egypt-to-see-its-first-locally-assembled-ev-in-2023\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/12\/egypt-to-see-its-first-locally-assembled-ev-in-2023\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt to see its first locally assembled EV in 2023\",\"datePublished\":\"2022-01-12T04:06:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/12\/egypt-to-see-its-first-locally-assembled-ev-in-2023\/\"},\"wordCount\":337,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/12\/egypt-to-see-its-first-locally-assembled-ev-in-2023\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/1\/142.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Abdel Fattah El Sisi\",\"Automotive Directive\",\"El Nasr Automotive\",\"EnterpriseAM\",\"EVs\",\"General Motors\",\"Green Economy\",\"Infinity\"],\"articleSection\":[\"Green economy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/12\/egypt-to-see-its-first-locally-assembled-ev-in-2023\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/12\/egypt-to-see-its-first-locally-assembled-ev-in-2023\/\",\"name\":\"Egypt to see its first locally assembled EV in 2023 - 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assembled EV microbuses this week: State-owned Engineering Automotive Manufacturing Company (EAMCO) is set to sign a cooperation agreement with South Korean auto parts maker Myoung Shin to locally produce electric microbuses \u201cby the end of the week,\u201d Hapi Journal quotes Public\u2026","rel":"","context":"In "Automotive"","block_context":{"text":"Automotive","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/automotive\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/187.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":669422,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/03\/dongfeng-sn-automotive-introduce-nine-new-models-to-the-market\/","url_meta":{"origin":542710,"position":1},"title":"Dongfeng, SN Automotive introduce nine new models to the market","author":"enterpriseam admin","date":"3 August 2025","format":false,"excerpt":"The offering includes base Box EV model with a budget friendly price tag 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to begin within three\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":545603,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/05\/el-nasr-automotive-to-sign-agreement-with-new-chinese-partner-to-locally-assemble-evs\/","url_meta":{"origin":542710,"position":3},"title":"El Nasr Automotive to sign agreement with new Chinese partner to locally assemble EVs","author":"enterpriseam admin","date":"5 April 2022","format":false,"excerpt":"We\u2019re getting a new Chinese partner for EVs: State-owned El Nasr Automotive will sign next week with an unnamed Chinese company to locally assemble electric vehicles (EVs), El Nasr CEO Hany El Kholy told Enterprise. The upcoming agreement for the assembly of the EVs will be \u201cvery different\u201d from the\u2026","rel":"","context":"In "Automotive"","block_context":{"text":"Automotive","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/automotive\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":544720,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/17\/el-nasr-natco-to-set-up-egypts-first-ev-dealership\/","url_meta":{"origin":542710,"position":4},"title":"El Nasr, NATCO to set up Egypt\u2019s first EV dealership","author":"enterpriseam admin","date":"17 March 2022","format":false,"excerpt":"Egypt is getting its first electric car dealer: State-owned firms El Nasr Automotive and the National Automotive Company (NATCO) will jointly set up Egypt\u2019s first electric car distributor, the Public Enterprises Ministry said in a statement (pdf) yesterday. NATCO will hold the controlling 76% stake in the yet-to-be named firm,\u2026","rel":"","context":"In "Automotive"","block_context":{"text":"Automotive","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/automotive\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/3\/224.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":626583,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/05\/eamco-to-assemble-electric-cars-locally-in-partnership-with-dongfeng-motor-co\/","url_meta":{"origin":542710,"position":5},"title":"EAMCO to assemble electric cars locally in partnership with Dongfeng Motor Co.","author":"enterpriseam admin","date":"5 July 2018","format":false,"excerpt":"The state-owned Egyptian Automotive Manufacturing Company (EAMCO) signed an agreement with the local agent for China\u2019s Dongfeng Motor Co, Drshl Industries, that will see them cooperate on the assembly of electric cars, Al Masry Al Youm reports. The project, which will rely on Chinese manufacturing technology, is expected to produce\u2026","rel":"","context":"In "Automotive + Transportation"","block_context":{"text":"Automotive + Transportation","link":"https:\/\/enterpriseam.com\/egypt\/category\/automotive-transportation\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/542710","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=542710"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/542710\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/542698"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/542711"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=542710"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=542710"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=542710"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=542710"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=542710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}