{"id":609652,"date":"2023-11-08T00:00:00","date_gmt":"2023-11-08T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/08\/will-a-new-digital-platform-and-electric-car-incentives-boost-the-auto-industry\/"},"modified":"2023-11-08T00:00:00","modified_gmt":"2023-11-08T00:00:00","slug":"will-a-new-digital-platform-and-electric-car-incentives-boost-the-auto-industry","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/08\/will-a-new-digital-platform-and-electric-car-incentives-boost-the-auto-industry\/","title":{"rendered":"Will a new digital platform and electric car incentives boost the auto industry?"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Madbouly government wants to give auto assembly and car part manufacturing a <\/strong><strong>boost: <\/strong>Prime Minister Moustafa Madbouly met with the Supreme Council for the Automotive Industry to discuss ongoing efforts to promote the domestic assembly of vehicles and manufacturing of car parts as part of the National Automotive Industry Development Program that was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0a06d4ec-4025-490e-8842-45c8a9fe0d8a\" style=\"\" rel=\"noopener\">launched<\/a> in 2022, according to a Cabinet <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/f4vrm4x3\" style=\"\" rel=\"noopener\">statement<\/a> yesterday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A localized and digitally connected auto industry: <\/strong>The meeting approved the launch of a new digital platform that will connect local car part suppliers, manufacturers, and assemblers to promote the localization of the industry. The platform that is \u201cready to launch\u201d will be managed by the state-owned fintech player e-Finance and launched in 12 weeks, according to Cabinet spokesperson Sameh El Khasin, who was quoted in the statement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More electric car manufacturing incentives are on their way, and they might already be<\/strong><strong> working: <\/strong>Madoubly pushed for planned incentives to promote electric car manufacturing to be sped up and put into action and for limits to fossil fuel-powered auto imports to support both our localization efforts and climate change goals. Existing EV incentives might also already be working, as Al Nasr Automotive is close to signing <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6f0f9e19-5e30-400f-8dba-6213afd8fb58\" style=\"\" rel=\"noopener\">another<\/a> contract with a Chinese company and a local partner for the production of electric vehicles and that production lines are being modernized in preparation, a source from the Public Enterprises Ministry told Enterprise yesterday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>LNG-powered buses with 60% local components are also on their way: <\/strong>Buses made with 60% local components that run on LNG are also on their way and a few have already rolled off the production line, our source at the Public Enterprises Ministry told us. The Transport Ministry is currently negotiating with the currently unknown company to incorporate the vehicles into its fleet, our source added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Al Nasr Automotives is reportedly close to signing an agreement with a Chinese company to produce EVs<\/p>\n","protected":false},"author":1,"featured_media":609653,"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":[144,250,72,356,3518,281,151],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-609652","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-automotive","tag-automotive","tag-el-nasr-automotive","tag-enterpriseam","tag-evs","tag-local-assembly","tag-moustafa-madbouly","tag-renewables","wpautop","entry"],"acf":{"mongo_id":"d955bd29-6b88-4012-b095-12ba2dcb5433","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/11\/381.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Will a new digital platform and electric car incentives boost the auto industry?","related_issue":[609640],"teaser":"Al Nasr Automotives is reportedly close to signing an agreement with a Chinese company to produce EVs","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/11\/.b4741ce3-43b7-43d6-a6cb-98707e9af58b.mp3"},"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>Will a new digital platform and electric car incentives boost the auto industry? - 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\/2023\/11\/08\/will-a-new-digital-platform-and-electric-car-incentives-boost-the-auto-industry\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Will a new digital platform and electric car incentives boost the auto industry?\" \/>\n<meta property=\"og:description\" content=\"Al Nasr Automotives is reportedly close to signing an agreement with a Chinese company to produce EVs\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/08\/will-a-new-digital-platform-and-electric-car-incentives-boost-the-auto-industry\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-08T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/381.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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/08\/will-a-new-digital-platform-and-electric-car-incentives-boost-the-auto-industry\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/08\/will-a-new-digital-platform-and-electric-car-incentives-boost-the-auto-industry\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Will a new digital platform and electric car incentives boost the auto industry?\",\"datePublished\":\"2023-11-08T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/08\/will-a-new-digital-platform-and-electric-car-incentives-boost-the-auto-industry\/\"},\"wordCount\":308,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/08\/will-a-new-digital-platform-and-electric-car-incentives-boost-the-auto-industry\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/381.jpg?fit=%2C&ssl=1\",\"keywords\":[\"automotive\",\"El Nasr Automotive\",\"EnterpriseAM\",\"EVs\",\"Local assembly\",\"Moustafa Madbouly\",\"renewables\"],\"articleSection\":[\"Automotive\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/08\/will-a-new-digital-platform-and-electric-car-incentives-boost-the-auto-industry\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/11\/08\/will-a-new-digital-platform-and-electric-car-incentives-boost-the-auto-industry\/\",\"name\":\"Will a new digital platform and electric car incentives boost the auto industry? 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If all three agreements are executed, the companies would\u2026","rel":"","context":"In &quot;Investment Watch&quot;","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/2\/car-manufacturing-1600px-1.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":553407,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/02\/gm-al-mansour-auto-could-partner-up-to-produce-evs\/","url_meta":{"origin":609652,"position":3},"title":"GM + Al Mansour Auto could partner up to produce EVs","author":"enterpriseam admin","date":"2 December 2021","format":false,"excerpt":"General Motors and Al Mansour Automotive could partner up to produce electric vehicles in Egypt under a memorandum of understanding signed by the two companies yesterday, Mansour Auto Chairman Mohamed Mansour told Reuters. The companies will assess production requirements, sales volumes, and the incentives that are on offer, and will\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\/208.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":594641,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/03\/will-egypts-auto-manufacturers-incentives-strategy-see-the-light-of-day-soon\/","url_meta":{"origin":609652,"position":4},"title":"Will Egypt\u2019s auto manufacturers incentives strategy see the light of day soon?","author":"enterpriseam admin","date":"3 September 2019","format":false,"excerpt":"Will the auto manufacturers incentives strategy see the light of day soon? The Madbouly Cabinet\u2019s economic group reviewed yesterday a proposed package of incentives for automotive manufacturers to spur domestic manufacturing and assembly, according to a Cabinet statement. Prime Minister Moustafa Madbouly ordered the finance and trade and industry ministries\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/7\/381.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":554162,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/22\/final-stop-for-the-automotive-strategy\/","url_meta":{"origin":609652,"position":5},"title":"Final stop for the automotive strategy?","author":"enterpriseam admin","date":"22 December 2021","format":false,"excerpt":"Industry players will weigh in on the long-awaited automotive strategy as the government looks to finalize the incentives package, cabinet said in a statement yesterday. Prime Minister Moustafa Madbouly has previously said the strategy \u2014 which aims to grow the domestic auto industry and the sectors that feed it parts,\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\/452.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/609652","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=609652"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/609652\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/609640"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/609653"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=609652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=609652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=609652"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=609652"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=609652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}