{"id":655030,"date":"2024-11-12T00:00:00","date_gmt":"2024-11-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/12\/chinese-automaker-jinbei-to-launch-local-assembly-through-its-local-agent\/"},"modified":"2024-11-12T00:00:00","modified_gmt":"2024-11-12T00:00:00","slug":"chinese-automaker-jinbei-to-launch-local-assembly-through-its-local-agent","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/12\/chinese-automaker-jinbei-to-launch-local-assembly-through-its-local-agent\/","title":{"rendered":"Chinese automaker Jinbei to launch local assembly through its local agent"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Another Chinese automaker gears up to launch local assembly: <\/strong>The country\u2019s sole agent for China\u2019s Jinbei, Jinbei Royal Egypt, has landed an agreement to assemble their models in Egypt starting early 2025, Chairman Khaled Saad told EnterpriseAM. The company plans to assemble 3k vehicles in 2025, a number Saad told us would increase in later years.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EVs are high on the agenda:<\/strong> The agreement will see the local auto player assembling the first electric cargo van and microbus in the country, according to Saad. The agreement also entails assembling Jinbei\u2019s traditional combustion-engine vehicles to fill local market demand. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Auto exports are also in the cards:<\/strong> Aside from meeting local market demand, Saad told Enterprise that his company is also hoping to offload Jinbei\u2019s assembled vehicles to African and European markets. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Auto localization is the name of the game:<\/strong> Saad told us that the agreement aligns with the state\u2019s push for localizing the automotive industry and its feeders industries. The project will focus on boosting the local components ratio of the assembled-in-Egypt vehicles, especially EVs, which help reduce the government\u2019s import bill, and help reduce carbon emissions, Saad added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember:<\/strong> The country\u2019s automobile market has been volatile in 2024, but mostly in decline throughout the year on the back of import restrictions, difficulties in accessing FX for fund imports, and rising prices pushing consumers out of the market. However, the tide could be turning with industry insiders <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/43ea3b83-ea14-4635-b079-618efae16c04\/central-bank-eases-import-restrictions-on-vehicle\" style=\"\" rel=\"noopener\">telling EnterpriseAM earlier this month<\/a> that the Central Bank of Egypt has instructed banks to begin processing car importers\u2019 requests for USD-denominated letters of credit, ending a six-month halt.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company will begin by rolling out 3k vehicles in 2025, before upping output further<\/p>\n","protected":false},"author":1,"featured_media":655031,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[144,72,356,131],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-655030","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-automotive","tag-automotive","tag-enterpriseam","tag-evs","tag-manufacturing","wpautop","entry"],"acf":{"mongo_id":"3cba7dcd-b25c-4d88-9138-43dd0522d390","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/11\/979.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Chinese automaker Jinbei to launch local assembly through its local agent in Egypt","related_issue":[655017],"teaser":"The company will begin by rolling out 3k vehicles in 2025, before upping output further","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.ddd51d97-69c0-4748-803b-200db6ea60fc.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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It\u2019s a busy day in the region, and the news cycle is doing its best to catch up.THE BIG STORY TODAY- Chinese automaker maker Jinbei has signed a local assembly agreement with its sole agent in Egypt, Jinbei Royal Egypt, Jinbei Royal Egypt Chairman Khaled Saad said\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/805.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":560190,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/18\/more-natgas-buses-are-a-comin\/","url_meta":{"origin":655030,"position":2},"title":"More natgas buses are a-comin\u2019","author":"enterpriseam admin","date":"18 February 2021","format":false,"excerpt":"IT systems provider Select International is looking to work with an unnamed Chinese partner to manufacture and assemble natural gas-powered buses in Egypt next year, Select International President Shady Samir told reporters yesterday, according to Masrawy. The companies appear to be planning to set up a joint venture with the\u2026","rel":"","context":"In &quot;Green economy&quot;","block_context":{"text":"Green economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/green-economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/2\/271.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":560511,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/02\/china-is-all-over-govt-microbus-natgas-plans\/","url_meta":{"origin":655030,"position":3},"title":"China is all over gov\u2019t microbus natgas plans","author":"enterpriseam admin","date":"2 March 2021","format":false,"excerpt":"Another Chinese auto firm signs up for gov\u2019t natgas transition plan: General Misr, the local agent of China\u2019s Joylong Automobile minibus brand, intends to start by early 2022 producing some 3k vehicles with dual-fuel engines, a company source who asked to remain unnamed told Enterprise. This move comes as part\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\/3\/59.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":572473,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/25\/brilliance-bavarian-halts-plans-to-assemble-chinese-brand-cars-over-covid-19\/","url_meta":{"origin":655030,"position":4},"title":"Brilliance Bavarian halts plans to assemble Chinese-brand cars over covid-19","author":"enterpriseam admin","date":"25 June 2020","format":false,"excerpt":"Brilliance Bavarian Auto has temporarily shelved expansion plans, including locally assembling vehicles of the Chinese brand and increasing sales outlets, due to the covid-19 pandemic, General Manager Khaled Saad told Al Mal.","rel":"","context":"In &quot;Automotive + Transportation&quot;","block_context":{"text":"Automotive + Transportation","link":"https:\/\/enterpriseam.com\/egypt\/category\/automotive-transportation\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":655995,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/27\/al-mansour-automotive-and-chinas-saic-to-build-mg-assembly-plant\/","url_meta":{"origin":655030,"position":5},"title":"Al Mansour Automotive and China\u2019s SAIC to build MG assembly plant","author":"enterpriseam admin","date":"27 November 2024","format":false,"excerpt":"The factory is expected to begin production within the next two years","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\/2024\/11\/2516.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\/655030","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=655030"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/655030\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/655017"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/655031"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=655030"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=655030"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=655030"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=655030"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=655030"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}