{"id":564636,"date":"2021-02-17T14:02:32","date_gmt":"2021-02-17T14:02:32","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/17\/mitsubishi-to-begin-assembling-cars-in-egypt\/"},"modified":"2021-02-17T14:02:32","modified_gmt":"2021-02-17T14:02:32","slug":"mitsubishi-to-begin-assembling-cars-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/17\/mitsubishi-to-begin-assembling-cars-in-egypt\/","title":{"rendered":"Mitsubishi to begin assembling cars in Egypt"},"content":{"rendered":"

<\/a> Mitsubishi Motors is planning to start assembling cars in Egypt using a Nissan-owned <\/strong>plant,<\/strong> the local press reports<\/a>, quoting sources close to talks between the two manufacturers. The two had reportedly signed an agreement that would see Mitsubishi roll out locally-assembled trucks as a starting point. Locally-assembled Mitsubishi passenger cars could then be next if the truck models successfully capture a \u201creasonable market share,\u201d the sources said. Neither Nissan Egypt nor Mitsubishi replied to requests for comment as of dispatch time this afternoon.<\/p>\n

Wait, aren\u2019t they rivals? <\/strong>Globally, Mitsubishi and Nissan are partners in the Renault Nissan<\/a>Mitsubishi alliance<\/a> cobbled together by Carlos Ghosn. Nissan acquired a controlling stake in Mitsubishi back in 2017.<\/p>\n

Gov\u2019t automotive strategies bearing fruit? <\/strong>We\u2019ve been keeping an eye on the package of incentives to automakers designed to spur domestic automotive assembly, which earned Cabinet approval in March 2020<\/a>. The package includes giving global players access to incentives, infrastructure improvements, and Egypt\u2019s network of trade agreements. Talks of those incentives has previously led<\/a> several international automotive manufacturers \u2014 including Peugeot, Mercedes-Benz (which suspended assembly<\/a> here four years ago), Kia, and Volkswagen \u2014 to announce they\u2019re looking at potentially assembling models here in Egypt.<\/p>\n

Other expected drivers for local assembly include a parallel strategy to kickstart a <\/strong>market for electric vehicles and while simultaneously pushing a transition to natural gas.<\/strong> Earlier in February, state-owned El Nasr Automotive said it will begin assembling EVs in Egypt sometime in July under contracts it finalized with China\u2019s Dongfeng in January<\/a>. The government has been pushing for a transition to EVs with incentives<\/a> including set charging prices, subsidies of up to 50k per vehicle, as well as customs breaks<\/a>. This is part of an overall direction to promote the use of clean energy on the roads, which also includes the state\u2019s multi-year natural gas transition plan<\/a>, which will see major domestic players investing to put dual-fuel cars in showrooms<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Mitsubishi Motors is planning to start assembling cars in Egypt using a Nissan-owned plant, the local press reports, quoting sources close to talks between the two manufacturers. The two had reportedly signed an agreement that would see Mitsubishi roll out locally-assembled trucks as a starting point. Locally-assembled Mitsubishi passenger cars could then be next if […]<\/p>\n","protected":false},"author":1,"featured_media":564637,"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":[10048],"tags":[144,88,93,633,3690,276,131,2532,368],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-564636","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round-automotive","tag-automotive","tag-debt-watch","tag-energy","tag-enterprisepm","tag-eurobonds","tag-finance-ministry","tag-manufacturing","tag-nissan","tag-sustainability","wpautop","entry"],"acf":{"mongo_id":"5bc3747f-5f1c-449d-bcfb-821e5eaf70b8","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/2\/468.jpg","photo_position":"above","related_issue":[564630],"teaser":"","voice_url":""},"yoast_head":"\nMitsubishi to begin assembling cars 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\/17\/mitsubishi-to-begin-assembling-cars-in-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mitsubishi to begin assembling cars in Egypt\" \/>\n<meta property=\"og:description\" content=\"Mitsubishi Motors is planning to start assembling cars in Egypt using a Nissan-owned plant, the local press reports, quoting sources close to talks between the two manufacturers. 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Sales of Kia came in second place with a market share of 9.9%, followed by Mitsubishi at 9.3%, Al Mal reports.","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":591564,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/10\/peugeot-considers-assembling-cars-in-egypt\/","url_meta":{"origin":564636,"position":1},"title":"Peugeot considers assembling cars in Egypt","author":"enterpriseam admin","date":"10 December 2019","format":false,"excerpt":"Peugeot is mulling assembling some of its car models to Egypt and is currently looking at several existing factories it could use, unnamed sources familiar with the matter tell the local press. 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