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Egypt has signed two agreements with the Chinese company “Dong Feng” to rehabilitate the factory of the company “Al-Nasr” and produce the first electric car in Egypt.
The two agreements were signed yesterday by Hani El-Kholy, general manager of the company, via video conference, and by the Chinese side, Wei Wencheng, CEO of DFMIEC, and Tsang Chen, CEO of Dongfeng Research and Design, a subsidiary of Dongfeng Company. Chinese, in the presence of CEO Dongfeng Li Caozu, and his deputy Cang Zotong.
Egyptian Public Sector Minister for Business Hisham Tawfiq said that “today marks the start of the launch of the Nasr Automotive Industry Company towards the project to localize the electric car industry in Egypt, in light of the directives of President Abdel Fattah El-Sisi towards the localization of the manufacture of vehicles using clean energies “, explaining that this project aims to Preserve the environment by reducing dependence on fossil fuels and thermal emissions which have a negative impact on people and the economy, as it fits into the growing global trend of electric transport.
Egypt electric car 2 E70
He explained that the signing included a framework agreement for the production of an electric vehicle at Victory Automobile Company, in cooperation with DFMIEC, a subsidiary of Chinese leader Dongfeng Group, which is one of the 4 largest automobile manufacturers in China. , which produces 3.5 million cars per year with its partners. In addition to the signing of the plant renewal agreement of the Nasr automobile company with the latest technology and production methods, in cooperation with the design company “Dong Feng”.
He said: “The project is part of the automotive manufacturing strategy adopted by political leaders, which takes into account all the factors associated with this important project, as all relevant authorities and ministries in the country are cooperating to make of this strategic project a success, including the desire to deploy fast chargers in the streets and car parks in all areas. ” Across the country, but also by preparing the electricity networks to cope with the expected increase in consumption, and the necessary accompanying policies, which represent an important factor in encouraging consumers to change from the old modes of transport used for several decades, and commercial equipment that supports the emergence of an industry of this size.
Egypt electric car E70 4
He pointed out that the ministry relied on technical and commercial studies of the modern electric car market, which resulted in the selection of China, the selection of the “Dongfeng” company and the selection of the model of car “E70”, aiming to enjoy economic and environmental benefits, achieve lasting success, as well as keep pace with this trend. The accelerator towards which the world industry is rushing.
He added that by targeting as much of the local component as possible, El Nasr Automotive Manufacturing Company starts production of the electric car at a localization rate of 50% and then the plan expands to deepen the industry, by creating a research and development center, with the participation of national executives and specialized Egyptian companies, in cooperation with Egyptian academic institutions. When an agreement is in progress for the creation of a research and development center with the Chinese company “Dong Feng” and the Egyptian company “Bright-Skies”, and agreement on the objectives, means and methods of work of the research and development center to be created.
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Tawfiq said the project aims to produce 25,000 cars per year (in a single shift). According to market research, the volume of demand is expected to increase with government support and stimulus measures expected to double that amount.
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