Egypt Embarks on Local Assembly of Electric Vehicles with China

Egypt is set to assemble new electric vehicles, emphasizing localization of production with Chinese cooperation. A law supports local car production, and assembly will occur in three phases, increasing local components from 45% to over 60%. Additionally, a training center will be established to enhance workforce skills.

Egypt is taking significant steps towards establishing its presence in the electric vehicle sector. Prime Minister Mostafa Madbouly recently highlighted the government’s commitment to accelerating the localization of electric vehicle (EV) production. He indicated that a major aspect of this strategy is to intensify collaboration with China, a leader in the EV industry,
reported by TV BRICS.

During a meeting with a Chinese delegation, Prime Minister Madbouly emphasized the automotive industry’s development as a key priority within the government’s broader strategy. Particularly, he underscored the importance of eco-friendly transport initiatives. The country has implemented a law aimed specifically at encouraging local car production, and Madbouly expressed eagerness to strengthen ties with China for mutual benefit.

One of the notable outcomes from this collaboration is Egypt’s plan to commence the assembly of new electric car models locally. This ambitious project is set to unfold in three distinct phases. Initially, the assembly will include a local component rate of 45 percent, which is expected to rise above 60 percent by the time the third stage is reached.

Furthermore, the Prime Minister mentioned a dedicated state team that will lead the localization efforts while stressing Egypt’s intent to attract further investment in the automotive sector. This investment could enhance the country’s manufacturing capabilities within the electric vehicle market.

In a reciprocal move, representatives from the Chinese delegation announced plans to establish an Egyptian training center. This facility aims to equip specialists with the necessary skills and technological knowledge, thereby bolstering Egypt’s production capabilities in the automotive industry. Previously, China had also made headlines for its initiative to produce electric vehicles in Kazakhstan, showcasing its expansive interest in international markets.

In summary, Egypt is positioning itself to play a vital role in electric vehicle production through strategic partnerships, particularly with China. The government’s commitment to localizing automotive manufacturing, combined with initiatives to enhance vocational training, presents a promising outlook for the future of the Egyptian automotive industry. As the assembly of electric vehicles begins, the nation aims to shift towards a more sustainable transportation model.

Original Source: qazinform.com