{"id":547236,"date":"2022-06-14T04:20:57","date_gmt":"2022-06-14T04:20:57","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/14\/el-nasr-to-sign-contracts-next-month-with-chinas-baic-group-to-jointly-manufacture-evs-in-egypt\/"},"modified":"2022-06-14T04:20:57","modified_gmt":"2022-06-14T04:20:57","slug":"el-nasr-to-sign-contracts-next-month-with-chinas-baic-group-to-jointly-manufacture-evs-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/14\/el-nasr-to-sign-contracts-next-month-with-chinas-baic-group-to-jointly-manufacture-evs-in-egypt\/","title":{"rendered":"El Nasr to sign contracts next month with China\u2019s BAIC Group to jointly manufacture EVs in Egypt"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>We finally have a name:<\/strong> <strong>BAIC Group is El Nasr\u2019s partner of choice in <\/strong><strong>manufacturing <\/strong><strong>electric vehicles.<\/strong> El Nasr Automotive has signed an MoU with Chinese car manufacturer <a href=\"http:\/\/www.baicgroup.com.cn\/en\/about\">BAIC Group<\/a> to produce EVs in Egypt and is planning to sign final contracts by the end of July, a source with knowledge of the matter told Enterprise.<\/p>\n<p><strong>Who\u2019s going to be doing what:<\/strong> The two sides are currently discussing the details of the contracts, with negotiations still ongoing on what each side would bring to the table. El Nasr is negotiating the transfer of intellectual property, China supplying components to the Egypt factory, setting up production lines, and hiring technical experts from abroad for technical assistance during the start of production, the source added.<\/p>\n<p><strong>The venture will be in line with local component quota requirements:<\/strong> Some 40-50% of the components will be manufactured and sourced in Egypt, they said. Over time, El Nasr aims to increase this proportion to 60-70%, the source added.<\/p>\n<p><strong>El Nasr is also partnering with Germany\u2019s <\/strong><strong><a href=\"https:\/\/www.fev.com\/\">FEV Group<\/a><\/strong><strong> to consult on how to build the EV battery sector from scratch<\/strong> while also looking for a Chinese partner to help with the manufacturing aspect, the source told us.<\/p>\n<p><strong>Production is expected to begin by the middle of next year<\/strong> with the aim of putting out the first EVs on the market by 4Q2023.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We finally have a name: BAIC Group is El Nasr\u2019s partner of choice in manufacturing electric vehicles. El Nasr Automotive has signed an MoU with Chinese car manufacturer BAIC Group to produce EVs in Egypt and is planning to sign final contracts by the end of July, a source with knowledge of the matter told [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":547237,"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":[7339],"tags":[144,2044,116,250,72,356,2045,481],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-547236","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-automotive","tag-automotive","tag-baic-group","tag-china","tag-el-nasr-automotive","tag-enterpriseam","tag-evs","tag-fev","tag-germany","wpautop","entry"],"acf":{"mongo_id":"963ef0b4-e370-4987-94ff-0db53c2aada9","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2020\/9\/cars-1600px.jpg","photo_position":"above","related_issue":[547225],"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>El Nasr to sign contracts next month with China\u2019s BAIC Group to jointly manufacture EVs in Egypt - 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\/14\/el-nasr-to-sign-contracts-next-month-with-chinas-baic-group-to-jointly-manufacture-evs-in-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"El Nasr to sign contracts next month with China\u2019s BAIC Group to jointly manufacture EVs in Egypt\" \/>\n<meta property=\"og:description\" content=\"We finally have a name: BAIC Group is El Nasr\u2019s partner of choice in manufacturing electric vehicles. El Nasr Automotive has signed an MoU with Chinese car manufacturer BAIC Group to produce EVs in Egypt and is planning to sign final contracts by the end of July, a source with knowledge of the matter told [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/14\/el-nasr-to-sign-contracts-next-month-with-chinas-baic-group-to-jointly-manufacture-evs-in-egypt\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-14T04:20:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/cars-1600px.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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/14\/el-nasr-to-sign-contracts-next-month-with-chinas-baic-group-to-jointly-manufacture-evs-in-egypt\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/14\/el-nasr-to-sign-contracts-next-month-with-chinas-baic-group-to-jointly-manufacture-evs-in-egypt\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"El Nasr to sign contracts next month with China\u2019s BAIC Group to jointly manufacture EVs in Egypt\",\"datePublished\":\"2022-06-14T04:20:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/14\/el-nasr-to-sign-contracts-next-month-with-chinas-baic-group-to-jointly-manufacture-evs-in-egypt\/\"},\"wordCount\":246,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/14\/el-nasr-to-sign-contracts-next-month-with-chinas-baic-group-to-jointly-manufacture-evs-in-egypt\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/cars-1600px.jpg?fit=%2C&ssl=1\",\"keywords\":[\"automotive\",\"BAIC Group\",\"China\",\"El Nasr Automotive\",\"EnterpriseAM\",\"EVs\",\"FEV\",\"Germany\"],\"articleSection\":[\"Automotive\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/14\/el-nasr-to-sign-contracts-next-month-with-chinas-baic-group-to-jointly-manufacture-evs-in-egypt\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/14\/el-nasr-to-sign-contracts-next-month-with-chinas-baic-group-to-jointly-manufacture-evs-in-egypt\/\",\"name\":\"El Nasr to sign contracts next month with China\u2019s BAIC Group to jointly manufacture EVs in Egypt - 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The upcoming agreement for the assembly of the EVs will be \u201cvery different\u201d from the\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":564535,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/11\/score-one-for-evs-in-egypt\/","url_meta":{"origin":547236,"position":4},"title":"Score one for EVs in Egypt","author":"enterpriseam admin","date":"11 February 2021","format":false,"excerpt":"EV assembly in Egypt could begin as early as July: State-owned El Nasr Automotive plans to begin assembling electric vehicles in Egypt some time in July, which is when it plans to complete setting up its assembly lines, El Nasr managing director Hany El Kholy tells the local press. The\u2026","rel":"","context":"In &quot;SPEED ROUND: GREEN ECONOMY&quot;","block_context":{"text":"SPEED ROUND: GREEN ECONOMY","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-green-economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/2\/440.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":567984,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/14\/el-nasr-to-sign-final-contracts-for-ev-production-with-dongfeng-this-month\/","url_meta":{"origin":547236,"position":5},"title":"El Nasr to sign final contracts for EV production with Dongfeng this month","author":"enterpriseam admin","date":"14 December 2020","format":false,"excerpt":"El Nasr Automotive will sign the final contracts this month for its partnership withChina\u2019s Dongfeng to assemble electric vehicles locally, El Nasr CEO Hany El Kholy tells the local press. The partnership will eventually see the assembly of 25k electric vehicles per year, and is expected to cost some EGP\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\/2020\/12\/243.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/547236","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=547236"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/547236\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/547225"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/547237"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=547236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=547236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=547236"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=547236"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=547236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}