{"id":547108,"date":"2022-06-08T04:21:08","date_gmt":"2022-06-08T04:21:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/08\/local-ev-batteries-in-the-works-italian-firms-want-in-on-our-rail-network\/"},"modified":"2022-06-08T04:21:08","modified_gmt":"2022-06-08T04:21:08","slug":"local-ev-batteries-in-the-works-italian-firms-want-in-on-our-rail-network","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/08\/local-ev-batteries-in-the-works-italian-firms-want-in-on-our-rail-network\/","title":{"rendered":"Local EV batteries in the works? + Italian firms want in on our rail network"},"content":{"rendered":"<p><strong>The Public Enterprises Ministry is currently in talks with two local companies t<\/strong><strong>o <\/strong><strong>manufacture a prototype battery for electric vehicles<\/strong>, <a href=\"https:\/\/bit.ly\/3zrsSJI\">Al Mal<\/a> quotes Minister Hisham Tawfik as saying. The company that succeeds will establish a battery factory, he said.<\/p>\n<p><strong>Talks over EV tuk tuks + microbuses:<\/strong> The government is in discussions with an Indian-Korean company to produce electric tuk tuks, Tawfik said. The company would initially assemble 50k vehicles using only local components, and 100k by the second year after the factory comes online. There are also talks with a European company to participate in the government\u2019s plans to produce 10k <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b719e68d-1b97-4bcb-b5d0-a4a65ea37459\">electric microbuses<\/a>, he said, without disclosing the identity of the firm.<\/p>\n<p><strong>Several Italian rail companies are interested in getting involved in Egypt\u2019s rail <\/strong><strong>network<\/strong>, according to <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid012pHrVwP9eYA7KGCWByiZYTzTvZaicoPkpfNKhZdstKNdfEENNQmzy8g87oyE7ePl\">a Transport Ministry statement<\/a> that provides few details. <a href=\"https:\/\/www.mermecgroup.com\/\">MERMEC<\/a> is interested in \u201crailway safety\u201d and <a href=\"https:\/\/www.railway-technology.com\/contractors\/passenger\/firema\/\">Firema<\/a> wants to discuss the options for producing rolling stock, it says. This came during a meeting between Transport Minister Kamel El Wazir, MERMEC officials and Italian Ambassador Michele Quaroni.<\/p>\n<p><strong>Maritime transport cooperation is also on the agenda: <\/strong>The two sides discussed establishing a roll on, roll off (ro-ro) transport line for agricultural products between the Italian port of Trieste and Alexandria.<\/p>\n<p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p>\n<ul>\n<li><strong>The National Bank of Egypt (NBE) <\/strong>will allow customers to purchase <strong>mutual<\/strong><strong> funds online.<\/strong> (<a href=\"https:\/\/bit.ly\/3tjXzg9\">Al Mal<\/a>)<\/li>\n<li>Luxury real estate firm <strong><a href=\"https:\/\/www.sothebysrealty.com\/eng?gclid=CjwKCAjw7vuUBhBUEiwAEdu2pIJsTaacggEGfg-7EJMgk2jjlIVA2sqHWoqlc7JFaQ0qJyq6V7l5IBoCGMAQAvD_BwE&gclsrc=aw.ds\">Sotheby\u2019s International Realty<\/a><\/strong> has opened a <strong>local <\/strong><strong>branch<\/strong>, marking its second North African office. (<a href=\"https:\/\/ent.news\/2022\/6\/EGYPT-Sothebys-PRL-7-JUN-22.pdf\">Statement<\/a>)<\/li>\n<li><strong>USAID<\/strong> has launched a<strong> USD 39 mn women\u2019s empowerment program<\/strong> to improve access to jobs and services for 200k Egyptian women<strong>. (<\/strong><strong><a href=\"https:\/\/eg.usembassy.gov\/the-u-s-government-invests-39-million-in-womens-economic-and-social-empowerment-program\/\">US embassy statement<\/a><\/strong><strong> | <\/strong><strong><a href=\"https:\/\/bit.ly\/3aAYBy3\">International Cooperation Ministry statement<\/a><\/strong><strong>)<\/strong><\/li>\n<li>The<strong> Communications Ministry\u2019s <\/strong><strong><a href=\"https:\/\/itida.gov.eg\/English\/Pages\/default.aspx\">ITIDA<\/a><\/strong> and its <strong><a href=\"https:\/\/www.cdti.es\/index.asp?MP=14&MS=59&MN=1&r=1536*864\">Spanish counterpart<\/a><\/strong> renewed their <strong><a href=\"https:\/\/itida.gov.eg\/English\/Programs\/ESITIP\/Pages\/default.aspx\">Egyptian-Spanish IT Innovation Program<\/a><\/strong>, senior officials told Enterprise.<\/li>\n<\/ul>\n<p><strong>CORRECTION-<\/strong> We incorrectly stated in yesterday\u2019s EnterpriseAM that companies in the telecoms sector would be given access to the central bank\u2019s soft loans scheme for tourism companies. The CBE has extended the programme to cover telecoms maintenance and upgrade costs for tourism companies. The story has since been corrected <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ba0b7a59-fadc-4e67-9b05-e01368706fc5\">on our website<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Public Enterprises Ministry is currently in talks with two local companies to manufacture a prototype battery for electric vehicles, Al Mal quotes Minister Hisham Tawfik as saying. The company that succeeds will establish a battery factory, he said. Talks over EV tuk tuks + microbuses: The government is in discussions with an Indian-Korean company [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[7209],"tags":[111,144,72,356,153,336,131,79,207,208],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-547108","post","type-post","status-publish","format-standard","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-automotive","tag-enterpriseam","tag-evs","tag-hisham-tawfik","tag-italy","tag-manufacturing","tag-public-enterprises-ministry","tag-transport","tag-transport-ministry","wpautop","entry"],"acf":{"mongo_id":"c493ea71-6c23-4344-a114-f22fe101f739","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[547081],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Local EV batteries in the works? + Italian firms want in on our rail network - 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\/06\/08\/local-ev-batteries-in-the-works-italian-firms-want-in-on-our-rail-network\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Local EV batteries in the works? + Italian firms want in on our rail network\" \/>\n<meta property=\"og:description\" content=\"The Public Enterprises Ministry is currently in talks with two local companies to manufacture a prototype battery for electric vehicles, Al Mal quotes Minister Hisham Tawfik as saying. 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Public\u2026","rel":"","context":"In &quot;Automotive&quot;","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":596142,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/19\/el-nasr-auto-to-enter-ev-partnership-with-chinese-auto-manufacturer\/","url_meta":{"origin":547108,"position":3},"title":"El Nasr Auto to enter EV partnership with Chinese auto manufacturer","author":"enterpriseam admin","date":"19 August 2019","format":false,"excerpt":"The Public Enterprises Ministry has reached an agreement with an unnamed Chinese automotive company to set up an electric vehicles factory in partnership with state-owned El Nasr Automotive, minister Hisham Tawfik said. The company is one of the largest in China, and is due to send a delegation to Egypt\u2026","rel":"","context":"In &quot;Automotive + Transportation&quot;","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":[]},{"id":558667,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/22\/govt-to-take-300-old-microbuses-off-the-road-each-month\/","url_meta":{"origin":547108,"position":4},"title":"Gov\u2019t to take 300 old microbuses off the road each month","author":"enterpriseam admin","date":"22 August 2021","format":false,"excerpt":"The government plans to deliver some 300 natgas-powered microbuses each month starting August as part of the state\u2019s plan to replace old vehicles with new models that have dual-fuel engines, Finance Minister Mohamed Maait said in a statement. The first dual-fuel microbus is now on the road after being delivered\u2026","rel":"","context":"In &quot;Transport&quot;","block_context":{"text":"Transport","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/transport\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/220.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546096,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/27\/tuk-tuk-replacement-still-undecided-abb-to-open-train-component-plant-in-egypt\/","url_meta":{"origin":547108,"position":5},"title":"Tuk-tuk replacement still undecided + ABB to open train component plant in Egypt","author":"enterpriseam admin","date":"27 April 2022","format":false,"excerpt":"The Madbouly government is in talks with an international automaker to produce vehicles to replace tuk-tuks, Public Enterprises Minister Hisham Tawfik said last week, without providing further details. Industry observers are closely watching to see what class of vehicles (and which incentives) the government authorizes to replace tuk-tuks, which largely\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"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\/547108","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=547108"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/547108\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/547081"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=547108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=547108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=547108"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=547108"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=547108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}