Egypt seeks global automakers to localise electric vehicle production

Egypt seeks global automakers to localise electric vehicle production

Egypt is seeking to attract major global automakers to localise the production of electric vehicles and components as part of a national strategy to meet domestic demand and expand exports, Prime Minister Mostafa Madbouly said on Tuesday. The Prime Minister stated that the government is prioritising the National Automotive Manufacturing Programme to transition toward clean energy and reduce reliance on traditional fuels. During a meeting with the ministers of industry, finance, and investment, M...
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GM, Al-Mansour introduce Captiva EV, Spark EUV to Egypt’s electric vehicle market

GM, Al-Mansour introduce Captiva EV, Spark EUV to Egypt’s electric vehicle market

General Motors (GM), in partnership with Al-Mansour Automotive, the exclusive distributor of Chevrolet in Egypt, has officially launched two fully electric Chevrolet models in the Egyptian market for the first time: the all-new Chevrolet Captiva EV and the Chevrolet Spark EUV. The launch marks a further step in GM’s collaboration with Al-Mansour Automotive to advance electric mobility solutions in Egypt, supporting the country’s national vision for sustainable transport, green mobility and e...
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Korea, Egypt sign $10m agreement to enhance green automotive training

Korea, Egypt sign $10m agreement to enhance green automotive training

South Korea and Egypt on Wednesday signed a $10m grant agreement to enhance vocational training in electric vehicle (EV) and compressed natural gas (CNG) technologies, a project that coincides with the 30th anniversary of diplomatic relations between the two nations. The agreement for the Korea International Cooperation Agency (KOICA) grant project, “Upgrading Green Automotive Maintenance Technology for Vocational Training Centres (VTCs) in Egypt,” was signed by Korean Ambassador Kim Yong-Hy...
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IFC, AMEA Power launch Egypt’s first utility-scale battery storage system

IFC, AMEA Power launch Egypt’s first utility-scale battery storage system

The International Finance Corporation (IFC) announced on Sunday a landmark investment to support the development of Egypt’s first utility-scale battery energy storage system (BESS), in partnership with AMEA Power and the Government of Egypt. The project aims to enhance grid resilience and support the country’s transition to clean energy. The IFC is providing a $72m debt package to Abydos Solar Project Company, a subsidiary of AMEA Power, to finance the integration of a 300 MWh BESS with the...
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