Egyptian president Gamal opens new production line
Commercial production start of local truck through JV with German engine manufacturer (Deutz AG)
Additional metal parts plant established to further increase degree of localization
Enhancement of painting line, quality and pre-coating processes
Introduction of ED coating as a step forward to improve quality and modernize the production line
Production of local electric vehicle matching Egypt’s “Green initiative”
To become first manufacturer in the region introducing world class EV technology.
To serve our customers in Egypt and regionally with innovative and reliable products and services through highly motivated, well trained and customer-oriented employees. To aim for profitable growth, while maintaining the natural resources and high level of sustainability awareness.
•To develop EV technology locally by establishing own R&D center.
•To reposition Egypt as a hub for electric vehicle batteries.
•To utilize Egyptian Government Strategy to shift from internal combustion engines to electric vehicles.
•To establish a regional center for manufacturing and exporting EVs.
largest Automotive market in Africa
vehicles sold in the Egyptian market in 20201
market growth above pre-pandemic levels1
automotive feeding companies
approx. vehicles sold are assembled locally
electric vehicle share in 2020
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