{"id":643272,"date":"2024-09-05T00:00:00","date_gmt":"2024-09-05T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/05\/stellantis-to-restart-assembling-new-jeep-model-locally\/"},"modified":"2024-09-05T00:00:00","modified_gmt":"2024-09-05T00:00:00","slug":"stellantis-to-restart-assembling-new-jeep-model-locally","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/05\/stellantis-to-restart-assembling-new-jeep-model-locally\/","title":{"rendered":"Stellantis to restart assembling new Jeep model locally"},"content":{"rendered":"

Our auto localization eff<\/strong>orts are bearing fruit: <\/strong>Automotive player Stellantis has announced that it would re<\/font>start assembling the Jeep Grand Cherokee L<\/a> locally at the factories of the Arab Organization for Industrialization (AOI)\u2019s Arab American Vehicles Company, the company said in a press release<\/a>. The move is a \u201cvote of confidence in the capabilities of Egyptian professionals and the strength of local infrastructure,\u201d the release said. The company had been looking to expand its local assembly line to include two new models, holding discussions in July<\/a> with the AOI over the matter.<\/p>\n

What they said:<\/strong> \"We're recommitting to Egypt's industrial growth and solidifying our position in the MEA region,\u201d COO of Stellantis Middle East and Africa Samir Cherfan said. \u201cOur goal is to achieve market leadership in Egypt and increase our regional market share to over 22% by 2030,\" he added.<\/p>\n

Citroen models could be next: <\/strong>Stellantis is reportedly in talks with the Industry Ministry over assembling Citroen\u2019s C4X model in Egypt, A<\/a>l M<\/a>al<\/a> reports, citing unnamed government sources. The company is currently in discussion with component suppliers as it works to meet the government\u2019s local component ratio of at least 45%. Unconfirmed reports out this week said<\/a> the company is looking into exporting locally-made Citroen models to Libya and Algeria, among a number of other Arab nations.<\/p>\n

Remember: <\/strong>The Madbouly government has been working to localize the auto industry, introducing the Egyptian Automotive Industry Development Program (AIDP)<\/a> in 2022, which will offer incentives to auto players with the aim of localizing the industry and its feeder industries, with the aim of enhancing the country\u2019s existing assembly and manufacturing capabilities \u2014 and of encouraging new investment to the sector.<\/p>\n

Read more: <\/strong>We dove into the government\u2019s efforts to localize the auto industry in an Inside Industry<\/a> published earlier this week.<\/p>\n

AND AN IMPORTANT NOTICE FOR THOSE WHO LIKE TO DRIVE A MERCEDES-<\/p>\n

Think twice before buying a Chinese-imported Mercedes EV:<\/strong> Mercedes Benz Egypt has issued a warning to its customers about purchasing a number of its EV models that have been imported into the local market from China, saying in a p<\/a>ress re<\/a>lease (pdf)<\/a> that these models were specifically manufactured for the Chinese market and aren\u2019t being sold locally by the firm or its authorized dealers network. <\/p>\n

The models include<\/strong> the EQA, EQB, EQE, EQE SUV, EQS, EQS SUV and their high-performance Mercedes-AMG variants, the company said.<\/p>\n

The imported models won\u2019t be covered under the company\u2019s warranty program in Egypt<\/strong> due to their \u201cdifferent technical specifications and charging requirements,\u201d but it will provide limited services to the vehicles through its authorized network depending on the availability of parts and technical capabilities, the statement read.<\/p>\n","protected":false},"excerpt":{"rendered":"

The company called the move a \u201cvote of confidence\u201d in Egypt\u2019s infrastructure<\/p>\n","protected":false},"author":1,"featured_media":643273,"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":[144,72,131],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-643272","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-automotive","tag-automotive","tag-enterpriseam","tag-manufacturing","wpautop","entry"],"acf":{"mongo_id":"2b4203b1-e12f-4ee4-a4f5-13c7cdf058ca","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/9\/355.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Auto 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Egypt\u2019s infrastructure\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/05\/stellantis-to-restart-assembling-new-jeep-model-locally\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-05T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/355.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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" 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The company has recently reached an agreement with the Spanish automaker and is in \u201cserious negotiations\u201d to see SEAT models assembled by Bavarian Auto, Arab American Vehicles Co., and Egyptian German Automotives, El\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":633517,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/16\/were-getting-two-more-lng-shipments-soon-plus-news-from-telecom-egypt-ebrd-stellantis\/","url_meta":{"origin":643272,"position":4},"title":"We\u2019re getting two more LNG shipments soon. PLUS: News from Telecom Egypt, EBRD, Stellantis","author":"enterpriseam admin","date":"16 July 2024","format":false,"excerpt":"The shipments will head directly to the Ain Sokhna port","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1180.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":625797,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/15\/zotye-auto-changhe-automobile-to-begin-locally-assembling-cars-in-2019\/","url_meta":{"origin":643272,"position":5},"title":"Zotye Auto, Changhe Automobile to begin locally assembling cars in 2019","author":"enterpriseam admin","date":"15 August 2018","format":false,"excerpt":"Zotye Auto, Changhe Automobile cars to be assembled locally in 2019: China\u2019s Zotye Auto\u2019s local agent, IFG Group, is planning to build an auto assembly plant in 6 October City by 2019, Chairman Mohamed Farag tells Al Mal. 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