{"id":564535,"date":"2021-02-11T13:40:10","date_gmt":"2021-02-11T13:40:10","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/11\/score-one-for-evs-in-egypt\/"},"modified":"2021-02-11T13:40:10","modified_gmt":"2021-02-11T13:40:10","slug":"score-one-for-evs-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/11\/score-one-for-evs-in-egypt\/","title":{"rendered":"Score one for EVs in Egypt"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>EV assembly in Egypt could begin as early as July: <\/strong>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 <a href=\"https:\/\/bit.ly\/2LIDIEY\">the local press<\/a>. The company is going to begin importing equipment for four assembly lines from China soon, which will come at a cost of EGP 1bn, El Kholy added. El Nasr had signed two contracts <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/42ebc60e-2d0f-40a7-a82e-41296a02f798\">last month<\/a> with China\u2019s Dongfeng to locally assemble EVs as well as to rehabilitate a mothballed El Nasr plant.<\/p>\n<p><strong>At full capacity, the plant is expected to assemble 53k EVs per annum<\/strong>, he said. First phase production will see 25k EVs sold in Egypt, with 55% of the components being sourced domestically, with the rest coming from China. The company plans to fund 70% of the development of the production line (estimated to cost EGP 2 bn) with backing from CIB, the National Bank of Egypt, Banque Misr, and QNB Al Ahli, he notes.<\/p>\n<p><strong>El Nasr is planning to release its E70 passenger car model EVs some time in 1Q2022.<\/strong> The company is planning to develop a consumer line of E70 cars, which will cost around EGP 390k, and a line for taxis and commercial use, which will cost up to EGP 350k, El Kholy said.<\/p>\n<p><strong>Will we be ready to drive EVs by then? <\/strong>Development of infrastructure and charging stations is already under way. Infinity Solar subsidiary <a href=\"https:\/\/infinityevcharge.com\/en\/About-Infinity-e\">Infinity-E<\/a> is planning to install EGP 300 mn worth of electric car charging docks <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2c11f9e6-04a1-4e49-bbf4-64f82a9ffecd\">over the next three years<\/a>. Infinity Egypt now has a total of 130 charging points in operation at 40 charging locations on major roads in or near Cairo, Hurghada, Alexandria and Ain Sokhna. The company plans to add Sharm El Sheikh this year and already has points of presence in the capital city at Wataneya\u2019s ChillOut filling stations, in compounds by Sodic and New Giza, as well as major shopping centers including Almaza City Centre and New Cairo\u2019s Downtown Mall.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 company is going to begin [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":564536,"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":[10072],"tags":[419,250,633,356,246,334],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-564535","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round-green-economy","tag-dongfeng","tag-el-nasr-automotive","tag-enterprisepm","tag-evs","tag-green-economy","tag-infinity","wpautop","entry"],"acf":{"mongo_id":"210add58-217f-48d7-adf2-4a0783074302","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/2\/440.jpg","photo_position":"above","related_issue":[564529],"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>Score one for 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\/2021\/02\/11\/score-one-for-evs-in-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Score one for EVs in Egypt\" \/>\n<meta property=\"og:description\" content=\"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 company is going to begin [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/11\/score-one-for-evs-in-egypt\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-11T13:40:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/440.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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/11\/score-one-for-evs-in-egypt\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/11\/score-one-for-evs-in-egypt\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Score one for EVs in Egypt\",\"datePublished\":\"2021-02-11T13:40:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/11\/score-one-for-evs-in-egypt\/\"},\"wordCount\":347,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/11\/score-one-for-evs-in-egypt\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/440.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Dongfeng\",\"El Nasr Automotive\",\"EnterprisePM\",\"EVs\",\"Green Economy\",\"Infinity\"],\"articleSection\":[\"SPEED ROUND: GREEN ECONOMY\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/11\/score-one-for-evs-in-egypt\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/11\/score-one-for-evs-in-egypt\/\",\"name\":\"Score one for 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":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":564535,"position":1},"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":[]},{"id":563089,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/17\/ev-testing-starts-in-july\/","url_meta":{"origin":564535,"position":2},"title":"EV testing starts in July","author":"enterpriseam admin","date":"17 June 2021","format":false,"excerpt":"Egypt will start testing China\u2019s E70 EV cars next month ahead of launching an assembled-in-Egypt E70 in 2022: State-owned El Nasr Automotive has imported 13 E70 electric passenger cars from China and will begin testing them on Egyptian roads from the beginning of next month, the Public Enterprises Ministry said\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\/6\/234.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":553488,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/06\/were-set-to-have-a-new-ev-partner-within-weeks\/","url_meta":{"origin":564535,"position":3},"title":"We\u2019re set to have a new EV partner within weeks","author":"enterpriseam admin","date":"6 December 2021","format":false,"excerpt":"El Nasr\u2019s EV speed dating pool is down to three Chinese partners: State-owned El Nasr Automotive will begin meeting today with three Chinese companies it has shortlisted as its potential partner on locally assembling electric vehicles, Public Enterprises Minister Hisham Tawfik told CNBC Arabia (watch, runtime: 1:44). 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":553448,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/05\/operation-replace-dongfeng-continues-this-week\/","url_meta":{"origin":564535,"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":549130,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/05\/el-nasr-could-sign-final-contracts-to-produce-evs-next-month\/","url_meta":{"origin":564535,"position":5},"title":"El Nasr could sign final contracts to produce EVs next month","author":"enterpriseam admin","date":"5 September 2022","format":false,"excerpt":"It only took 3+ years, but El Nasr Auto might finally be ready to finalize contracts for EV assembly: El Nasr Automotive expects to sign final contracts to produce electric vehicles with an unnamed Chinese company in mid-October, Al Borsa reported yesterday, citing an anonymous source at the company. 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