{"id":553407,"date":"2021-12-02T03:58:16","date_gmt":"2021-12-02T03:58:16","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/02\/gm-al-mansour-auto-could-partner-up-to-produce-evs\/"},"modified":"2021-12-02T03:58:16","modified_gmt":"2021-12-02T03:58:16","slug":"gm-al-mansour-auto-could-partner-up-to-produce-evs","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/02\/gm-al-mansour-auto-could-partner-up-to-produce-evs\/","title":{"rendered":"GM + Al Mansour Auto could partner up to produce EVs"},"content":{"rendered":"

<\/a> General Motors and Al Mansour Automotive could partner up to produce electric <\/strong>vehicles in Egypt<\/strong> under a memorandum of understanding signed by the two companies yesterday, Mansour Auto Chairman Mohamed Mansour told Reuters<\/a>. The companies will assess production requirements, sales volumes, and the incentives that are on offer, and will produce a study to put to the government within the next 2-3 months, he said.<\/p>\n

Incentives are coming:<\/strong> The government is finalizing the incentives it plans to offer the local industry under its long-delayed automotive strategy, and will announce them before the end of the year, Prime Minister Moustafa Madbouly told representatives from the companies yesterday, according to a statement<\/a>.<\/p>\n

Details on the incentives are few and far between:<\/strong> The statement gave no details on what the incentives actually are, but previous drafts suggested it could offer manufacturers customs discounts linked to the percentage of locally-produced components they use as well as introduce a new value-added rule<\/a> to calculate domestic components used when deciding whether a car qualifies as locally-made. The Public Enterprises Ministry said last month<\/a> that it could provide buyers of locally-made EVs subsidies worth up to EGP 50k.<\/p>\n

An earlier tie-up in the industry broke up last month:<\/strong> Plans for state-owned El Nasr Automotive to link up with Chinese auto giant Dongfeng to locally assemble EVs fell through last month<\/a> when the state-owned firm exited talks after being unable to negotiate a lower price point for imported components. El Nasr is searching for a new partner<\/strong> and has received 13 proposals from European and Chinese auto companies, the company\u2019s managing director told us<\/a> recently.<\/p>\n","protected":false},"excerpt":{"rendered":"

General Motors and Al Mansour Automotive could partner up to produce electric vehicles in Egypt under a memorandum of understanding signed by the two companies yesterday, Mansour Auto Chairman Mohamed Mansour told Reuters. The companies will assess production requirements, sales volumes, and the incentives that are on offer, and will produce a study to put […]<\/p>\n","protected":false},"author":1,"featured_media":553408,"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":[144,72,355,3040,131,281],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-553407","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-automotive","tag-automotive","tag-enterpriseam","tag-general-motors","tag-mansour-group","tag-manufacturing","tag-moustafa-madbouly","wpautop","entry"],"acf":{"mongo_id":"91d0dbdf-a5f2-4ea7-b310-a8bbbe34a0f7","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/12\/208.jpg","photo_position":"above","related_issue":[553401],"teaser":"","voice_url":""},"yoast_head":"\nGM + Al Mansour Auto could partner up to produce EVs - 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\/2021\/12\/02\/gm-al-mansour-auto-could-partner-up-to-produce-evs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GM + Al Mansour Auto could partner up to produce EVs\" \/>\n<meta property=\"og:description\" content=\"General Motors and Al Mansour Automotive could partner up to produce electric vehicles in Egypt under a memorandum of understanding signed by the two companies yesterday, Mansour Auto Chairman Mohamed Mansour told Reuters. The companies will assess production requirements, sales volumes, and the incentives that are on offer, and will produce a study to put […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/02\/gm-al-mansour-auto-could-partner-up-to-produce-evs\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-12-02T03:58:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/208.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\/2021\/12\/02\/gm-al-mansour-auto-could-partner-up-to-produce-evs\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/02\/gm-al-mansour-auto-could-partner-up-to-produce-evs\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"GM + Al Mansour Auto could partner up to produce EVs\",\"datePublished\":\"2021-12-02T03:58:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/02\/gm-al-mansour-auto-could-partner-up-to-produce-evs\/\"},\"wordCount\":277,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/02\/gm-al-mansour-auto-could-partner-up-to-produce-evs\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/208.jpg?fit=%2C&ssl=1\",\"keywords\":[\"automotive\",\"EnterpriseAM\",\"General Motors\",\"Mansour Group\",\"Manufacturing\",\"Moustafa Madbouly\"],\"articleSection\":[\"Automotive\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/02\/gm-al-mansour-auto-could-partner-up-to-produce-evs\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/02\/gm-al-mansour-auto-could-partner-up-to-produce-evs\/\",\"name\":\"GM + Al Mansour Auto could partner up to produce EVs - 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If all three agreements are executed, the companies would\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/2\/car-manufacturing-1600px-1.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":542710,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/12\/egypt-to-see-its-first-locally-assembled-ev-in-2023\/","url_meta":{"origin":553407,"position":2},"title":"Egypt to see its first locally assembled EV in 2023","author":"enterpriseam admin","date":"12 January 2022","format":false,"excerpt":"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\u2026","rel":"","context":"In "Green economy"","block_context":{"text":"Green economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/green-economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/142.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577166,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/13\/al-mansour-gm-launch-cadillac-ev-in-egypt-al-mansour-plans-to-assemble-evs-here\/","url_meta":{"origin":553407,"position":3},"title":"Al Mansour, GM launch Cadillac EV in Egypt; Al Mansour plans to assemble EVs here","author":"enterpriseam admin","date":"13 November 2022","format":false,"excerpt":"Electric Cadillacs are coming to Egypt: General Motors (GM) and Al Mansour Automotive will debut electric Cadillacs in Egypt by the end of 2023, the two companies announced in a statement(pdf) Thursday. The Cadillac Lyriq, an all-electric mid-size luxury SUV, will go on sale late next year, with five luxury\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\/11\/191.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":674807,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/11\/04\/al-mansour-automotive-breaks-ground-on-usd-150-mn-mg-manufacturing-plant\/","url_meta":{"origin":553407,"position":4},"title":"Al Mansour Automotive breaks ground on USD 150 mn MG manufacturing plant","author":"enterpriseam admin","date":"4 November 2025","format":false,"excerpt":"The Industry Ministry aims for this new factory to serve as a basis for a future automotive city","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/11\/213.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":625841,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/16\/al-mansour-becomes-exclusive-distributor-for-mg-in-egypt-to-invest-egp-400-mn-by-2022\/","url_meta":{"origin":553407,"position":5},"title":"Al Mansour becomes exclusive distributor for MG in Egypt, to invest EGP 400 mn by 2022","author":"enterpriseam admin","date":"16 August 2018","format":false,"excerpt":"INVESTMENT WATCH- Mansour becomes exclusive distributor for MG in Egypt, to invest EGP 400 mn by 2022: Mansour Group\u2019s Al Mansour Automotive signed an agreement with SAIC Motors that will see it become the exclusive local agent for the company\u2019s UK subsidiary MG Motors, according to Al Shorouk. 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