Automotive News
-
Auto sales in Egypt plunge 76% YoY in February
Passenger car sales dropped by 78.4% YoY to 4,263 units during February 2023, compared to 19,700 in February 2022.
-
Egypt constructs first automotive city in Middle East
The new automotive city was established in a record time of about a year.
-
Everything you need to know about the joint Arab electric vehicle
Egypt, Jordan, Bahrain, and UAE are discussing the possibility of producing a join Arab electric car.
-
Spain ink protocol to establish railway passenger cars’ factory
The protocol was signed by ENR’s Chairman Mohamed Amer and Talgo’s regional director Mohamed Khadra.
-
Egypt's PM inagurates Mercedes-Benz logistics center at Sokhna Port
Gerd Petrelich, CEO of Mercedes-Benz Egypt, explained that the actual operation has kicked off with the logistics center.
-
PM inaugurates Mercedes-Benz’s logistic center in Sokhna industrial zone
Madbouli witnessed the opening of the logistic center of Mercedes-Benz in Sokhna industrial zone.
-
CAPMS: Egypt’s Imports of Cars Declined by $1.915 Billion by End of 2022
The data indicated that car imports were the highest in the list of the most important Egyptian imports of durable consumer goods.
-
General Motors Egypt to invest $16mln to locally manufacture new car models
From 2018 to 2022, the company invested about $15 million to upgrade its factory in the country and ensure safety, productivity, and quality standards
-
ECEI : Egypt Exports of Automotive Components Hit $634.3 Million in 2022
The ECEI announced the participation of representatives of 25 Egyptian companies in the workshop.
-
Project: Supply of pickup trucks and other equipment under 3 contracts
Cairo: Supply of pickup trucks and 400 electronic scales. Also supply, installation and operation of printers and other equipment under 3 contracts
-
Egypt’s auto sales drop 75% YoY in January
Sales of passenger cars fell 79.7% YoY to 3,430 units from 16,890 units
-
Chinese, Saudi companies open bus assembly plant in Egypt
A new built bus assembly plant has started production in New Suez City, Egypt.
-
Chinese Dongfeng introduces E70 EVs in Egypt
The new car was introduced to the local market at a press conference over the weekend.
-
42,000 apply to tax-free car import initiative for expats
Maait confirmed that the recent facilities approved by the Cabinet will continue, including cancelling the deposit before the transfer.
-
IDEX 2023: Egypt takes COTS route for protected vehicles
The Temsah-4 armoured vehicle is based on a Mercedes-Benz chassis to reduce through-life costs and features scalable protection levels.
-
Egypt signs 3 binding agreements to pump $145M investments in automotive sector
The three companies (Nissan, General Motors and the French Stellantis Group) will deliver an average of 60 to 70 thousand cars annually.
-
Egypt’s gov. seeks to localize electric vehicles industry
It also noted that the public sector companies are committed to annually replace 5 percent of their vehicles by locally-made electric ones.
-
Finance minister says 42,000 expats apply to import cars for personal use
As many as 13,000 payment orders worth about $202 million have been issued, as well as 2,900 import approvals, the minister made it clear.
-
Egypt signs 3 agreements for automotive manufacture with local, int’l companies
Egypt signed three framework agreements for the manufacture of cars between the Egyptian government and a number of local and international companies.
-
Facilities on import of cars by Egyptian expats to be extended for 2 months
Omar noted that there will be a meeting of the Plan and Budget Committee next week for final approval.