{"id":596922,"date":"2019-07-11T03:58:20","date_gmt":"2019-07-11T03:58:20","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/11\/boudy-group-freezes-plans-to-assemble-changhe-cars-in-egypt-amid-weak-competition\/"},"modified":"2019-07-11T03:58:20","modified_gmt":"2019-07-11T03:58:20","slug":"boudy-group-freezes-plans-to-assemble-changhe-cars-in-egypt-amid-weak-competition","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/11\/boudy-group-freezes-plans-to-assemble-changhe-cars-in-egypt-amid-weak-competition\/","title":{"rendered":"Boudy Group freezes plans to assemble Changhe cars in Egypt amid weak competition"},"content":{"rendered":"

Boudy Group halts plans to assembly Changhe cars, saying Chinese cars don\u2019t sell as well: <\/b>Boudy Group, the local distributor for China\u2019s Changhe Automobile and Kenbo, is mulling freezing plans to assemble Changhe cars in Egypt due to the weak demand for Chinese cars in the market, General Manager Mostafa Mohamed told Al Mal<\/a>. The group has also decided to halt imports of Changhe Q7, which it had begun selling in Egypt last year, because the car failed to compete with other SUV sport cars of lower prices. The company had said last year<\/a> that it was reviewing offers from \u0650Aboul Fotouh Automotive and the Egyptian German Automotive Company to begin locally assembling Changhe Q7 in 2019, expecting to assemble 1,000 cars per year at an initial investment cost of EGP 100 mn.<\/p>\n

The news comes as a number of other companies have <\/b>expressed interest<\/b><\/a> in assembling cars in Egypt<\/b> amid a bundle of incentives the government is currently reviewing. Sources had told Enterprise that the incentives, which would include customs breaks reaching 100%, would be a sliding scale based on how much local content manufacturers use, starting at 10%.<\/p>\n","protected":false},"excerpt":{"rendered":"

Boudy Group halts plans to assembly Changhe cars, saying Chinese cars don\u2019t sell as well: Boudy Group, the local distributor for China\u2019s Changhe Automobile and Kenbo, is mulling freezing plans to assemble Changhe cars in Egypt due to the weak demand for Chinese cars in the market, General Manager Mostafa Mohamed told Al Mal. The […]<\/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":[8572],"tags":[144,116,72,3518,131,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-596922","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-automotive","tag-china","tag-enterpriseam","tag-local-assembly","tag-manufacturing","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"11757229-9bf5-4d37-84c7-dcca4ba016e1","is_powered_by":true,"section_story_id":"be26db9f-f551-49e9-965c-c2513f9d675a","story_type":"1","photo_url":"","photo_position":"above","related_issue":[596908],"teaser":"","voice_url":""},"yoast_head":"\nBoudy Group freezes plans to assemble Changhe cars in Egypt amid weak competition - 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\/2019\/07\/11\/boudy-group-freezes-plans-to-assemble-changhe-cars-in-egypt-amid-weak-competition\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Boudy Group freezes plans to assemble Changhe cars in Egypt amid weak competition\" \/>\n<meta property=\"og:description\" content=\"Boudy Group halts plans to assembly Changhe cars, saying Chinese cars don\u2019t sell as well: Boudy Group, the local distributor for China\u2019s Changhe Automobile and Kenbo, is mulling freezing plans to assemble Changhe cars in Egypt due to the weak demand for Chinese cars in the market, General Manager Mostafa Mohamed told Al Mal. 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The sources did not disclose which facilities are being looked at, or the expected investment value and timeline\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":572232,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/16\/egypts-mih-signs-mou-to-produce-30k-cars-for-3-years-at-el-nasr-automotive\/","url_meta":{"origin":596922,"position":4},"title":"Egypt\u2019s MIH signs MoU to produce 30k cars for 3 years at El Nasr Automotive","author":"enterpriseam admin","date":"16 June 2020","format":false,"excerpt":"MIH signs agreement with int\u2019l automaker to assemble 30k cars per annum at El Nasr Automotive: The state-owned Metallurgical Industries Holding Company (MIH) has signed a preliminary agreement with an undisclosed international company to locally assemble 30k cars annually at El Nasr Automotive, with manufacturing set to begin within three\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":572268,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/17\/malaysias-proton-partners-with-mih-to-assemble-cars-in-egypt\/","url_meta":{"origin":596922,"position":5},"title":"Malaysia\u2019s Proton partners with MIH to assemble cars in Egypt","author":"enterpriseam admin","date":"17 June 2020","format":false,"excerpt":"INVESTMENT WATCH- MIH says it\u2019s partnering with Malaysia\u2019s Proton for El Nasr car assembly plan: Malaysian auto outfit Proton will partner with the Metallurgical Industries Holding Company (MIH) to assemble cars at El Nasr Automotive and Eamco, MIH board chairman Medhat Nafea was quoted as saying by Al Mal. 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