More Chinese car assembly comes to Egypt

More Chinese automotive assembly here

Al Amal Group plans to invest USD 20 mn in the local assembly of three new models of Chinese automaker Dongfeng’s Forthing brand, Chairman of Al Amal Group Amr Soliman told the domestic press. Al Amal will launch a gasoline-powered model in mid-January, a hybrid version by mid-2026, and a fully-electric model by the end of the year. Initial production capacity for the Forthing model is estimated at 5k units in 2026, targeting the domestic market primarily with the option to export “once conditions stabilize,” Soliman said.

In line with our automotive localization efforts: The Madbouly government has made it a priority to localize the assembly of vehicles as the first step in its plan to truly localize the automotive sector. It updated the Automotive Industry Development Program last year with the goal of attracting more investments and deepening the localization of the sector.

Dive deeper: We think hybrid vehicles will be one of the sweet spots for the industry as domestic charging infrastructure is built out.