Egypt gets a new private electric car factory

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The Egyptian government has granted Mansour Group, one of Africa’s leading automotive dealers, a 126,000 square-metre parcel of land on a 50-year lease to build an electric car factory. Mansour is the distributor of top car brands including General Motors, Isuzu, MG, Peugeot and Opel. The company plans to complete the factory within 12 months. 

• Egypt is one of Africa’s top three EV markets. But it relies on imports, mainly from China. The Mansour factory, in addition to other privately-owned factories in the pipeline, will reduce Egypt’s reliance on imported electric cars. 

• Like the rest of Africa, Egypt currently imports critical, high-cost EV components, especially lithium-ion batteries and electric motors. This dependency increases production costs, making the final product costlier. 

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