Egypt to Assemble New Generation Electric Vehicles in Partnership with China
Egypt plans to assemble electric vehicles with Chinese cooperation, aiming to localise production and enhance expertise. The initiative includes a phased approach to increase local components and establish a training center for skill development.
Egypt is set to begin assembling a new generation of electric vehicles. Prime Minister Mostafa Madbouly highlighted the nation’s drive to boost local electric vehicle production and enhance partnerships with China, a leader in the automotive industry. This development, shared by TV BRICS, indicates a focused ambition within Egypt’s governmental strategy, particularly in the eco-friendly transport sector.
During a meeting with a Chinese delegation, Madbouly pointed out that the automotive industry development is crucial for Egypt. He revealed that a special law has been put in place to support the local production of vehicles and expressed eagerness for expanded bilateral cooperation. This collaborative effort marks a significant step toward producing electric cars domestically.
The assembly of new electric vehicle models will take place at a local plant, and production will be implemented in three phases. Initially, it will incorporate 45 percent local components, with that number increasing to over 60 percent by the third phase. This gradual increase signifies a commitment to growing the local automotive supply chain.
Madbouly also mentioned that a dedicated state team is spearheading the localisation efforts in the automotive sector. He reiterated the importance of attracting investment into this industry, a move that aligns with Egypt’s ongoing economic reforms.
From the Chinese side, the delegation announced plans to establish a training center in Egypt. This center aims to develop local talent and facilitate the transfer of technology, which could significantly enhance Egypt’s production capabilities going forward.
On an interesting note, there are also reports indicating that China intends to start electric vehicle production in Kazakhstan, showcasing its expanding ambition in the global electric vehicle market.
Overall, Egypt’s initiative to localise electric vehicle production illustrates a strategic commitment to modernize its automotive sector and foster international collaboration, particularly with prominent players like China. The establishment of a training center and the phased increase in local components are promising steps toward achieving these goals.
In summary, Egypt is embarking on an ambitious project to assemble electric vehicles in partnership with China. The phased approach focuses on localising production, with an increase in local component usage over time. The establishment of a training center by the Chinese delegation marks a significant step in enhancing local expertise and capacity. Overall, Egypt’s strategic move highlights its commitment to developing a robust electric vehicle industry.
Original Source: qazinform.com
