Raya Auto brings the latest XPENG EVs with European specifications to Egypt

Raya Auto brings the latest XPENG EVs with European specifications to Egypt

Raya Auto, a subsidiary of Raya Holding for Financial Investments, has announced a major strategic partnership with XPENG, a leading manufacturer and developer of advanced electric vehicles, with which Raya Auto shall serve as the exclusive agent for XPENG cars in Egypt. This collaboration marks a milestone for XPENG, as it is their first venture of this nature in Africa. The partnership aims to introduce a range of advanced EVs to the Egyptian market, meeting European specifications, during the H1 of 2024, exclusively through Raya Auto.

The announcement was made at a press conference on Sunday, January 21, at the EDGE Innovation Center. The event was attended by key leaders of Raya Holding Group, its subsidiary Raya Auto, and strategic partner XPENG, including Mr. Wang Ke, regional manager.

As part of the collaboration, Raya Auto is set to invest a significant investment to introduce the cutting-edge EVs to the Egyptian market in 2024–2025. This collaboration supports the Egyptian government's efforts to promote the electric car industry and encourage widespread adoption. It is also in line with Egypt's 2030 vision and its dedication to achieving sustainability targets and fulfilling international commitments made during COP27, held in Sharm El-Sheikh.

The collaboration will introduce the G9,