Automotive News
-
Used Car Market Skyrockets in Egypt Amidst Growing Prices of New Ones
Due to the alarmingly high prices of new cars in Egypt, the used car market is experiencing a rapid boom. A combination of economic challenges has led to this change.
-
Egypt to relaunch zero-customs car import initiative for expats
The Egyptian Cabinet issued a draft law to relaunch the zero-customs car import initiative for expats for three months.
-
Egypt to provide incentives to localize automotive industry
Prime Minister Mostafa Madbouly announced on Thursday that the state is ready to provide a package of incentives to encourage the localization.
-
Top 10 of Egypt's automotive industry
Egypt's automotive industry has been developing for 50 years and is now the second-largest market in Africa and the 42nd largest in the world.
-
Al Amal to temporarily shutter BYD assembly plant in Egypt on FX shortage
Al Amal Auto will temporarily suspend operations at its BYD assembly plant within weeks.
-
Project: Car batteries
Giza: Supply of batteries of different sizes
-
A new specialized manufacturing zone in East Port Said designed to develop Egypt’s automotive industry
The East Port Said Automotive Zone (EPAZ) is one such hub that is designed to attract global automobile manufacturers.
-
Indus Motor Company Signs Agreement with Toyota Egypt
In line with this development, Toyota IMC recently dispatched its first shipment to Toyota Egypt in July.
-
AMIC reveals automotive sales to be on the rise, climbing 43% MoM in May
May 2023’s sales numbers reached 7.3 thousand, according to the latest data from the Automotive Marketing Information Council (AMIC).
-
Indian auto, plastics firms meet with SCZone boss Gamal El Din in Mumbai
Indian energy, industrial, and construction companies last week expressed interest in setting up projects here during meetings with SCZone.
-
9.9 million licensed vehicles in Egypt
Cairo came at first ranked as number of vehicles reached 2.6 million vehicles by 25.8%, followed by Giza 1.3 million vehicles.
-
Egypt Post launches project to convert mail trucks to electric
Two mail trucks were converted to electric, along with a new electric vehicle, to be used in distribution services.
-
Egypt accelerates transport transition with large-scale vehicle conversions
The start-up Shift EV and the e-mobility platform BluEV have been given the green light for their respective conversion projects.
-
PM witnesses inking MoU on developing automotive industry in Egypt
The MoU was inked by head of the automotive industry unit Gomaa Mohamed Madany and CEO of the AAAM David Coffey.
-
Egypt approves local initiatives to convert vehicles to run on electricity
The platform stated that electric power would cost customers 30 percent less than fuel.
-
Egypt’s automotive industry has the potential to become the largest on the continent
This is supported by existing incentives and market dynamics, along with government plans to localize the industry.
-
Egypt and Japan's Sumitomo start construction of $100 million car electric-wiring factory
The Minister of Trade and Industry Ahmed Samir laid the foundation stone at Sumitomo Electric Egypt's new vehicle electric-wiring harness factory.
-
Egypt’s automotive sales fell by 69% y-o-y in April, passenger car sales down by 70%
The AMIC attributed the downtrend to the continued impact of the foreign currency shortage.
-
Transfer delays won't affect duty-free car import eligibility: Egypt’s finance minister
Minister of Finance assured Egyptian expatriates that the delay in their transfer of imported car fees will not make them ineligible for duty free.
-
Tender: Supply of auto spare parts
Supply of auto spare parts and ball bearings under two contracts in Cairo, the deadline is on June 21st.