Electric vehicle production to revive Egypt’s El Nasr Automotive

Electric vehicle production to revive Egypt’s El Nasr Automotive

The Egyptian government seeks to localise the electric car industry to keep pace with the current global approach to reduce pollution and protect environment using zero-emission vehicles.

Egypt's Public Enterprise Sector Minister Hisham Tawfik witnessed last month the signing of a Memorandum of Understanding between the state-run El Nasr Automotive and China's Dongfeng Motor, for the production of electric vehicles (EV) in Egypt at an annual capacity of 25,000 units.

Managing Director of El Nasr Automotive Hani El Kholy said the company can provide 25% of the input requirements from the local market. He added that the company would bring the local component to 80% when EV battery manufacturing is localised.

He noted that the company is the first to produce EV in Egypt, urging the government to provide incentives to support this industry, including financial facilities and electricity subsidies. The state should also launch marketing campaigns to promote EVs among citizens, and provide appealing payment plans and after-sale services, he added.

Hussein Mostafa, an automotive market expert, said that Egypt has a good opportunity to produce EV because it depends on modern technology. He added that EV production lines do not differ from traditional ones for petrol cars.

He noted that the