{"id":553448,"date":"2021-12-05T03:52:30","date_gmt":"2021-12-05T03:52:30","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/05\/operation-replace-dongfeng-continues-this-week\/"},"modified":"2021-12-05T03:52:30","modified_gmt":"2021-12-05T03:52:30","slug":"operation-replace-dongfeng-continues-this-week","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/05\/operation-replace-dongfeng-continues-this-week\/","title":{"rendered":"Operation Replace Dongfeng continues this week"},"content":{"rendered":"

<\/a> State-owned El Nasr Automotive will meet with three Chinese companies <\/strong>this week<\/strong> as it looks for a new partner with whom to locally assemble electric vehicles (EVs), Public Enterprises Minister Hisham Tawfik tells Masrawy<\/a>. The minister said that further details would not be provided until agreements and contracts are signed. The news comes as El Nasr is in the market for a new foreign partner to fill the Dongfeng-shaped hole<\/a> in its EV assembly plans after El Nasr and the Chinese company\u2019s talks fell through<\/a> after a dispute over prices for imported components. The new EVs should be in the previously-planned price range of EGP 300-320k.<\/p>\n

The private sector is already pushing ahead with EVs:<\/strong> The news comes just days after Al Mansour Automotive and General Motors said they could team up to<\/a>produce<\/a>EVs<\/a> in Egypt with plans to present a study to the government within 2-3 months.<\/p>\n

Meanwhile, we\u2019re reviving plans to assemble natgas buses with Belarus\u2019 MAZ:<\/strong> The Egyptian Automotive Manufacturing Company (EAMCO) and Minsk Automobile Plant (MAZ) could soon sign a contract to cooperate on locally assemble natgas-fueled buses, after Public Enterprise Minister Hisham Tawfik discussed the venture with a delegation from the Belarusian company, according to a cabinet statement<\/a>. The contract, if signed, would also see MAZ providing equipment to assemble the buses, which will have a 60% local component quota. Production of the mass transport buses is expected to begin mid-next year, with an annual capacity of 250 buses. The two companies had signed<\/a> an MoU to assemble natgas and diesel-fueled buses in 2019, but the venture appears to have stalled since then.<\/p>\n

IN OTHER AUTOMOTIVE NEWS- Passenger car sales were essentially flat y-o-y in<\/strong> October<\/strong>, inching down a marginal 0.6% to 19,309 passenger vehicles during the month, down from 19,428 in October 2020, according to monthly figures <\/sup><\/sup>from the Automotive Information Council (AMIC). AMIC data is self-reported by member distributors, who include the majority of (but not all) industry participants. Sales have been constrained by the ongoing shortage of chips<\/strong>, which has helped put upward pressure on prices in tandem with rising shipping costs.<\/p>\n

Bus sales fell, but trucks did well:<\/strong> A total of 2,466 buses were sold during the month, falling 6.1% y-o-y but growing from September, when fewer than 2k units were sold. Truck sales were up 17.6% y-o-y in October to 4,133.<\/p>\n","protected":false},"excerpt":{"rendered":"

State-owned El Nasr Automotive will meet with three Chinese companies this week as it looks for a new partner with whom to locally assemble electric vehicles (EVs), Public Enterprises Minister Hisham Tawfik tells Masrawy. The minister said that further details would not be provided until agreements and contracts are signed. The news comes as El […]<\/p>\n","protected":false},"author":1,"featured_media":553449,"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":[143,144,116,419,250,72,355,153,3040],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-553448","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-automotive","tag-amic","tag-automotive","tag-china","tag-dongfeng","tag-el-nasr-automotive","tag-enterpriseam","tag-general-motors","tag-hisham-tawfik","tag-mansour-group","wpautop","entry"],"acf":{"mongo_id":"ce49a938-231a-4de1-9120-364532a45c34","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/12\/220.jpg","photo_position":"above","related_issue":[553441],"teaser":"","voice_url":""},"yoast_head":"\nOperation Replace Dongfeng continues this week - 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\/05\/operation-replace-dongfeng-continues-this-week\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Operation Replace Dongfeng continues this week\" \/>\n<meta property=\"og:description\" content=\"State-owned El Nasr Automotive will meet with three Chinese companies this week as it looks for a new partner with whom to locally assemble electric vehicles (EVs), Public Enterprises Minister Hisham Tawfik tells Masrawy. 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The Metallurgical Industries Holding Company will then conduct a feasibility study to assess the investment necessary to upgrade El Nasr\u2019s\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":[]},{"id":542780,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/17\/korean-firm-set-to-produce-parts-for-locally-assembled-ev-microbuses\/","url_meta":{"origin":553448,"position":2},"title":"Korean firm set to produce parts for locally assembled EV microbuses","author":"enterpriseam admin","date":"17 January 2022","format":false,"excerpt":"Korean auto firm set to sign agreement on locally 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":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":553448,"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":553448,"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":562467,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/25\/dongfeng-plans-to-invest-usd-12-mn-in-ev-assembly-with-el-nasr\/","url_meta":{"origin":553448,"position":5},"title":"Dongfeng plans to invest USD 12 mn in EV assembly with El Nasr","author":"enterpriseam admin","date":"25 May 2021","format":false,"excerpt":"China\u2019s Dongfeng has upped its planned investments in a plan to locally assemble EVs with El Nasr Automotive to USD 12 mn from USD 10, as part of a USD 60 mn plan. 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