{"id":577894,"date":"2022-12-08T03:46:34","date_gmt":"2022-12-08T03:46:34","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/08\/stellantis-wants-to-build-50k-cars-a-year-here\/"},"modified":"2022-12-08T03:46:34","modified_gmt":"2022-12-08T03:46:34","slug":"stellantis-wants-to-build-50k-cars-a-year-here","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/08\/stellantis-wants-to-build-50k-cars-a-year-here\/","title":{"rendered":"Stellantis wants to build 50k cars a year here"},"content":{"rendered":"

<\/a> Automobile manufacturer Stellantis Egypt wants to locally produce 50k cars a <\/strong>year<\/strong>, Managing Director Hesham Hosny said at an industry conference this week (watch, runtime: 44:33<\/a>). \u201cWe plan to have the Middle East and Africa produce 70% of its own automotive needs,\u201d he said. Stellantis is one of the largest car manufacturers in the world and was formed in 2021 following a merger of Fiat Chrysler and PSA. Its brands include Jeep, Peugeot, Fiat, Citroen and Chrysler.<\/p>\n

Keeping up the EV momentum: <\/strong>Stellantis is waiting on the details of incentives laid out in the government\u2019s automotive strategy<\/a> to move forward with plans to locally manufacture electric vehicles in Egypt, Hosny said. He didn\u2019t specify whether the 50k target includes EVs. Earlier this year Stellantis held talks<\/a> with Prime Minister Moustafa Madbouly to express its interest in taking advantage of the coming industry incentives to establish an EV factory for the local market and exports.<\/p>\n

The Madbouly gov\u2019t wants more locally made cars: <\/strong>The government is working to launch its long-awaited automotive strategy<\/a>, the Egyptian Automotive Industry Development Program (AIDP). The strategy will provide incentives to carmakers in a bid to increase local assembly and component manufacturing here, up the sector\u2019s competitiveness to become a regional manufacturing hub, and bolster export volumes.<\/p>\n

Others in the auto industry are keeping a close eye on the strategy:<\/strong> GB Auto is waiting for the government to formally launch AIDP before it starts working on its export plans, Chief Manufacturing Officer Ramez Adeeb said at the event. The company\u2019s Sadat City passenger car factory<\/a> will assemble 60k cars a year, Adeeb said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Automobile manufacturer Stellantis Egypt wants to locally produce 50k cars a year, Managing Director Hesham Hosny said at an industry conference this week (watch, runtime: 44:33). \u201cWe plan to have the Middle East and Africa produce 70% of its own automotive needs,\u201d he said. Stellantis is one of the largest car manufacturers in the world […]<\/p>\n","protected":false},"author":1,"featured_media":577895,"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":[144,72,241,2532,1888],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-577894","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-automotive","tag-automotive","tag-enterpriseam","tag-gb-auto","tag-nissan","tag-stellantis","wpautop","entry"],"acf":{"mongo_id":"4f6067a7-9b45-4ebc-bc52-630ad0dcf8e4","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/12\/157.jpg","photo_position":"above","related_issue":[577881],"teaser":"","voice_url":""},"yoast_head":"\nStellantis wants to build 50k cars a year here - 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\/2022\/12\/08\/stellantis-wants-to-build-50k-cars-a-year-here\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stellantis wants to build 50k cars a year here\" \/>\n<meta property=\"og:description\" content=\"Automobile manufacturer Stellantis Egypt wants to locally produce 50k cars a year, Managing Director Hesham Hosny said at an industry conference this week (watch, runtime: 44:33). \u201cWe plan to have the Middle East and Africa produce 70% of its own automotive needs,\u201d he said. 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