{"id":598830,"date":"2019-06-10T04:00:06","date_gmt":"2019-06-10T04:00:06","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/10\/rayas-manufacturing-arm-seeking-licence-to-assemble-electric-cars\/"},"modified":"2019-06-10T04:00:06","modified_gmt":"2019-06-10T04:00:06","slug":"rayas-manufacturing-arm-seeking-licence-to-assemble-electric-cars","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/10\/rayas-manufacturing-arm-seeking-licence-to-assemble-electric-cars\/","title":{"rendered":"Raya\u2019s manufacturing arm seeking licence to assemble electric cars"},"content":{"rendered":"<p><b>INVESTMENT WATCH- Raya\u2019s manufacturing arm seeking licence to assemble electric cars: <\/b>Raya Auto, a subsidiary of Medhat Khalil\u2019s Raya Holding, has begun talks with the Trade and Industry Ministry to obtain a licence to assemble electric cars, sources close to the matter <a href=\"https:\/\/almalnews.com\/%D8%B1%D8%A7%D9%8A%D8%A9-%D8%AA%D9%81%D8%A7%D9%88%D8%B6-%D8%A7%D9%84%D8%B5%D9%86%D8%A7%D8%B9%D8%A9-%D9%84%D9%84%D8%AD%D8%B5%D9%88%D9%84-%D8%B9%D9%84%D9%89-%D8%B1%D8%AE%D8%B5\/\">told Al Mal<\/a>. Raya is moving forward with plans to assemble light electric vehicles with initial investments of EGP 110 mn, Chairman Medhat Khalil said. The company has already introduced an electric motorcycle that retails for EGP 23,000 and in talks with Chinese and Indian companies to assemble vans in Egypt. The move comes as Khalil is <a href=\"https:\/\/enterprise.press\/stories\/2019\/06\/09\/egypts-foreign-reserves-inch-up-in-may\/\">embroiled in a dispute<\/a> with the Financial Regulatory Authority over an EGP 11 mn fine.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>INVESTMENT WATCH- Raya\u2019s manufacturing arm seeking licence to assemble electric cars: Raya Auto, a subsidiary of Medhat Khalil\u2019s Raya Holding, has begun talks with the Trade and Industry Ministry to obtain a licence to assemble electric cars, sources close to the matter told Al Mal. Raya is moving forward with plans to assemble light electric [&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":[8572],"tags":[72,356,131,614,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-598830","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-evs","tag-manufacturing","tag-raya-holding","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"0ea66e39-9fac-4c4f-8790-37c1491fb7f0","is_powered_by":true,"section_story_id":"bb2be0ab-dcd4-4490-8406-b6faecf129c4","story_type":"1","photo_url":"","photo_position":"above","related_issue":[598820],"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>Raya\u2019s manufacturing arm seeking licence to assemble electric cars - 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\/06\/10\/rayas-manufacturing-arm-seeking-licence-to-assemble-electric-cars\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Raya\u2019s manufacturing arm seeking licence to assemble electric cars\" \/>\n<meta property=\"og:description\" content=\"INVESTMENT WATCH- Raya\u2019s manufacturing arm seeking licence to assemble electric cars: Raya Auto, a subsidiary of Medhat Khalil\u2019s Raya Holding, has begun talks with the Trade and Industry Ministry to obtain a licence to assemble electric cars, sources close to the matter told Al Mal. Raya is moving forward with plans to assemble light electric [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/10\/rayas-manufacturing-arm-seeking-licence-to-assemble-electric-cars\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-06-10T04:00:06+00:00\" \/>\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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/10\/rayas-manufacturing-arm-seeking-licence-to-assemble-electric-cars\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/10\/rayas-manufacturing-arm-seeking-licence-to-assemble-electric-cars\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Raya\u2019s manufacturing arm seeking licence to assemble electric cars\",\"datePublished\":\"2019-06-10T04:00:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/10\/rayas-manufacturing-arm-seeking-licence-to-assemble-electric-cars\/\"},\"wordCount\":123,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"EVs\",\"Manufacturing\",\"Raya Holding\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/10\/rayas-manufacturing-arm-seeking-licence-to-assemble-electric-cars\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/10\/rayas-manufacturing-arm-seeking-licence-to-assemble-electric-cars\/\",\"name\":\"Raya\u2019s manufacturing arm seeking licence to assemble electric cars - 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