Egypt, Geely sign MoU for producing electric cars

CAIRO - 6 September 2019: Egypt’s Minister of State for Military Production Mohamed El-Assar witnessed Friday the signing ceremony of a MoU between the National Organization for Military Production and Chinese Geely Company for manufacturing electric cars.

The move comes as part of the Ministry of Military Production’s endeavor, aimed at localizing the manufacturing of the electric vehicles in its subsidiaries.

The move also coincides with a global tendency to increase using of electric vehicles instead of fuel ones.

During the ceremony, vice president of Geely introduced a brief on the company history, which entered the vehicle markets in 1997, and succeeded in tapping into the global markets later on.