Egypt introduces its first locally assembled electric car by end of 2021

CAIRO – 13 December 2020: Egypt’s first locally assembled electric car will be launched by the end of 2021, in partnership with a Chinese partner, according to Minister of Public Business Sector, Hisham Tawfik.

Tawfik clarified in a TV interview that the price of the electric car will be about LE 350,000.

The minister explained that the car is the Chinese version of the Nissan LEAF electric car, indicating that the Egyptian component through feeding industries will reach 45 percent at the beginning, and will increase to 55 percent within two years.

In December, the Egyptian Ministry of Public Enterprise agreed with the Chinese company Dong Feng for the automobile industry to sign a memorandum of understanding between the two sides in January 2020 regarding joint cooperation to produce electric passenger cars on the lines of the Nasr Automobile Company.

Tawfik said then that the project represents a revival of the Nasr Automotive Company, which has been stalled since 2009 under the liquidation decision, which is one of the prestigious companies in the portfolio of companies affiliated of the Ministry of Public Business Sector.

He stated that the ministry seeks to revive the Nasr Automotive Company through the production of electric ride-on cars in cooperation with the Chinese company Dong Feng for the automobile industry, adding that it is intended that the production capacity of victory for cars will reach 25,000 electric cars during years.