{"id":655300,"date":"2024-11-17T00:00:00","date_gmt":"2024-11-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/17\/el-nasr-automotive-back-in-gear-after-15-year-assembly-pause\/"},"modified":"2024-11-17T00:00:00","modified_gmt":"2024-11-17T00:00:00","slug":"el-nasr-automotive-back-in-gear-after-15-year-assembly-pause","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/17\/el-nasr-automotive-back-in-gear-after-15-year-assembly-pause\/","title":{"rendered":"El Nasr Automotive back in gear after 15-year assembly pause"},"content":{"rendered":"

The country\u2019s oldest automaker is back in business: <\/strong>State-owned El Nasr Automotive has officially restarted operations after a 15-year hiatus, delivering its first batch of electric 49-passanger buses in partnership with China\u2019s Yutong to Transport Ministry-affiliated companies, according to a cabinet statement<\/a>. We first heard that El Nasr was linking up with a then-unnamed Chinese company<\/a> to produce buses back in March from a government source.<\/p>\n

El Nasr already wants to up unit volume and the ratio of local components: <\/strong>The automaker\u2019s factory currently has an annual production capacity of 300 buses, which the company hopes to increase 1.5k by 2027. El Nasr is also planning to increase the ratio of local components that go into the vehicles from 50% to 60-70% by an unspecified time point. Exports to other Arab countries are also in the works.<\/p>\n

Electric microbuses could also roll off El Nasr assembly lines soon: <\/strong>During the event announcing the resumption of operations, El Nasr inked a contract with Singapore-Taiwanese firm Tron Energy and UAE-based Your Transit to launch a USD 10 mn joint stock company to produce electric microbuses. The new JV is aiming to kick off production in the middle of next year and rollout 300 microbuses and 600 batteries in 2026, before doubling production the year after.<\/p>\n

The company\u2019s passenger vehicle factory will also soon be up and running: <\/strong>Development of the company\u2019s passenger vehicle factory should wrap up in December, with trial production penciled in for the middle of next year. The factory has a targeted annual capacity of 20k vehicles and will begin operations using no less than 45% local components.<\/p>\n

Buses, microbuses, and passenger vehicles may just be the start: <\/strong>The company also aims to also assemble light transport vehicles, golf carts, and electric tuk tuks, El Nasr Chairman Khaled Shedid said, pointing to the company\u2019s currently inactive factories that could be brought back into operation.<\/p>\n

El Nasr has been on our radar for the last few years: <\/strong>The company was brought back to life in 2017 after having been liquidated in 2009. Since then, work has been underway to modernize the company\u2019s production facilities and the automaker has regularly popped up in the news for being in negotiations with various international automakers about setting up a project \u2014 including Indian conglomerate Hinduja Group<\/a> and China\u2019s Dongfeng<\/a>.<\/p>\n

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

The automaker\u2019s factory currently has an annual production capacity of 300 buses, which the company hopes to increase 1.5k by 2027<\/p>\n","protected":false},"author":1,"featured_media":655301,"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":[144,250,72,356,131],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-655300","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-automotive","tag-automotive","tag-el-nasr-automotive","tag-enterpriseam","tag-evs","tag-manufacturing","wpautop","entry"],"acf":{"mongo_id":"e231a5e8-5a06-41ad-9464-d0385800c699","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/11\/1506.jpg","photo_position":"above","homepage_title":"","full_issue_title":"El Nasr Automotive back in gear after 15-year assembly pause","related_issue":[655290],"teaser":"The automaker\u2019s factory currently has an annual production capacity of 300 buses, which the company hopes to increase 1.5k by 2027","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.940c10a3-d19c-4329-9893-057761cadeaa.mp3"},"yoast_head":"\nEl Nasr Automotive back in gear after 15-year assembly pause - 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We noted last month that the government was in talks with potential Chinese partners to secure USD 20 mn in funding needed to revive El Nasr.","rel":"","context":"In "Automotive + Transportation"","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":655310,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/17\/el-nasr-automotive-restarting-production-put-the-countrys-efforts-to-localize-the-auto-industry-in-the-limelight\/","url_meta":{"origin":655300,"position":3},"title":"El Nasr Automotive restarting production put the country's efforts to localize the auto industry in the limelight","author":"enterpriseam admin","date":"17 November 2024","format":false,"excerpt":"The firm has officially restarted operations after a 15-year hiatus","rel":"","context":"In "LAST NIGHT\u2019S TALK SHOWS"","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1504.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":647717,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/17\/plans-to-revive-el-nasr-automotive-not-going-so-well-negotiations-stalled\/","url_meta":{"origin":655300,"position":4},"title":"Plans to revive El Nasr Automotive not going so well, negotiations stalled","author":"enterpriseam admin","date":"17 May 2017","format":false,"excerpt":"If there\u2019s one company that has captured the attention of a certain generation of local-press journalists, it\u2019s Nasser-era pet project El Nasr Automotive, where \u201ca source\u201d tells Al Mal that negotiations with potential foreign partners to restart operations at El Nasr have stalled. Shocking. To hear the local press tell\u2026","rel":"","context":"In "Automotive + Transportation"","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":553448,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/05\/operation-replace-dongfeng-continues-this-week\/","url_meta":{"origin":655300,"position":5},"title":"Operation Replace Dongfeng continues this week","author":"enterpriseam admin","date":"5 December 2021","format":false,"excerpt":"State-owned El Nasr Automotive will meet with three Chinese companies this week as it looks for a new partner with whom to locally assemble electric vehicles (EVs), Public Enterprises Minister Hisham Tawfik tells Masrawy. The minister said that further details would not be provided until agreements and contracts are signed.\u2026","rel":"","context":"In "Automotive"","block_context":{"text":"Automotive","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/automotive\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/220.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\/655300","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=655300"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/655300\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/655290"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/655301"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=655300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=655300"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=655300"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=655300"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=655300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}