Egypt targets 100,000 electric cars a year in plan to localize auto industry

Prime Minister Mostafa Madbouly has reviewed a plan to localize car manufacturing, targeting output of 100,000 electric vehicles annually by 2032.

• Madbouly convened a meeting with Industry Minister Khaled Hashem to review the car localization and feeder-industry plan.
• Hashem said a major global company will start producing three electric models in 2027, targeting 100,000 cars annually by 2032.
• Hashem said a partnership among a global company, the El-Araby Group and the Arab Organization for Industrialization will make seven metal parts totaling 8 million pieces a year.
• Hashem said Dongfeng has begun manufacturing electric cars with SN Automotive and El Nasr Auto on El Nasr's production lines.