{"id":562467,"date":"2021-05-25T03:53:10","date_gmt":"2021-05-25T03:53:10","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/25\/dongfeng-plans-to-invest-usd-12-mn-in-ev-assembly-with-el-nasr\/"},"modified":"2021-05-25T03:53:10","modified_gmt":"2021-05-25T03:53:10","slug":"dongfeng-plans-to-invest-usd-12-mn-in-ev-assembly-with-el-nasr","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/25\/dongfeng-plans-to-invest-usd-12-mn-in-ev-assembly-with-el-nasr\/","title":{"rendered":"Dongfeng plans to invest USD 12 mn in EV assembly with El Nasr"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>China\u2019s Dongfeng has upped its planned <\/strong><strong>investments in a plan to locally assemble EVs with El Nasr Automotive to USD 12 mn<\/strong> <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d21a19d9-0096-4672-8e09-874749be231f\">from USD 10<\/a>, as part of a USD 60 mn plan. The two state-owned companies are set to sign a final agreement within three weeks, Public Enterprises Minister Hisham Tawfik <a href=\"https:\/\/bit.ly\/3hLwihO\">said<\/a>.<\/p>\n<p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p>\n<ul>\n<li>The <strong>National Bank of Egypt <\/strong>plans to invest <a href=\"https:\/\/bit.ly\/3vl6iha\">EGP 150 mn<\/a>this year to upgrade e-payments player <strong>Al Ahly<\/strong> <strong>Momken\u2019s <\/strong>services and infrastructure network. The NBE\u2019s Al Ahly Capital acquired a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4c89b8ed-dafc-45b6-8b31-50fd406792b8\">75% stake in<\/a><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4c89b8ed-dafc-45b6-8b31-50fd406792b8\">Momken<\/a> in late April.<\/li>\n<li><strong>Mariout Hills<\/strong> will establish <strong>a USD 3.4 bn atmospheric water generator in New <\/strong><strong>Alamein city<\/strong>, through which it will extract moisture from humid air to produce 50k liters of drinking water per day, Chairman Ahmed Hassan <a href=\"https:\/\/bit.ly\/3bQkSp7\">said<\/a>.<\/li>\n<li>A <strong>bill <\/strong>that would see <strong>the Endowments Ministry establish a charitable endowment <\/strong><strong>fund<\/strong> to raise donations for social welfare, healthcare, higher education and cultural institutions, and other public non-profit works was <a href=\"http:\/\/www.parliament.gov.eg\/News_Show.aspx?frm=4018\">greenlit yesterday<\/a> during a House of Representatives plenary session, and will now be shipped to the Senate for discussion.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>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. The two state-owned companies are set to sign a final agreement within three weeks, Public Enterprises Minister Hisham Tawfik said. Other things [&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":[1935,111,250,1766,72,727,153,274,272,7111,4015,248,2293],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-562467","post","type-post","status-publish","format-standard","hentry","category-also-on-our-radar","tag-al-ahly-capital-holding","tag-also-on-our-radar","tag-el-nasr-automotive","tag-endowments-ministry","tag-enterpriseam","tag-hala-el-said","tag-hisham-tawfik","tag-house-of-representatives","tag-imf","tag-infrastructure","tag-mariout-hills","tag-national-bank-of-egypt","tag-new-alamein","wpautop","entry"],"acf":{"mongo_id":"606d5e20-daa1-4108-a319-87c55deeb051","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[562449],"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>Dongfeng plans to invest USD 12 mn in EV assembly with El Nasr - 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\/05\/25\/dongfeng-plans-to-invest-usd-12-mn-in-ev-assembly-with-el-nasr\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dongfeng plans to invest USD 12 mn in EV assembly with El Nasr\" \/>\n<meta property=\"og:description\" content=\"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. The two state-owned companies are set to sign a final agreement within three weeks, Public Enterprises Minister Hisham Tawfik said. 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The ministry has\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\/2021\/12\/232.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":561076,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/24\/keep-an-eye-out-for-the-first-batch-of-new-natgas-vehicles\/","url_meta":{"origin":562467,"position":1},"title":"Keep an eye out for the first batch of new natgas vehicles","author":"enterpriseam admin","date":"24 March 2021","format":false,"excerpt":"The first batch of dual-fuel vehicles under the state\u2019s scheme to swap out old, gasoline-fueled cars will hit the road within a month, the initiative\u2019s spokesperson Ahmed Abdel Razek told Enterprise. The number of cars to be delivered in the first batch will depend on the availability of the models\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\/2021\/3\/296.jpg?fit=%2C&ssl=1&resize=350%2C200","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":562467,"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 &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":573340,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/29\/the-next-step-in-our-journey-to-an-ev-future-will-cost-about-egp-500-mn\/","url_meta":{"origin":562467,"position":3},"title":"The next step in our journey to an EV future will cost about EGP 500 mn","author":"enterpriseam admin","date":"29 July 2020","format":false,"excerpt":"INVESTMENT WATCH- The next step in our journey to an EV future will cost about EGP 500 mn: The plant that will eventually assemble 25k electric vehicles a year in partnership with China\u2019s Dongfeng Motor Corporation will cost EGP 500 mn to get off the ground, Public Enterprises Minister Hisham\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/7\/240.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":553448,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/05\/operation-replace-dongfeng-continues-this-week\/","url_meta":{"origin":562467,"position":4},"title":"Operation Replace Dongfeng continues this week","author":"enterpriseam admin","date":"5 December 2021","format":false,"excerpt":"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.\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\/2021\/12\/220.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":559357,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/19\/one-step-forward-for-our-ev-future\/","url_meta":{"origin":562467,"position":5},"title":"One step forward for our EV future","author":"enterpriseam admin","date":"19 January 2021","format":false,"excerpt":"Egypt took a step toward its electric vehicle future after state-owned El Nasr Automotive signed two contracts with China\u2019s Dongfeng yesterday to locally assemble electric vehicles as well as to rehabilitate a mothballed El Nasr factory through one of the Chinese group\u2019s subsidiaries, according to a Public Enterprises Ministry statement\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\/2021\/1\/221.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\/562467","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=562467"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/562467\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/562449"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=562467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=562467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=562467"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=562467"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=562467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}