FILE PHOTO: Newly manufactured cars are seen at the automobile terminal in the port of Dalian, Liaoning province, China July 9, 2018. REUTERS/Stringer/File Photo
CAIRO - 18 January 2021: Public Business Sector Minister Hesham Tawfik said the production of Egypt's first locally assembled electric car (Nasr) by El Nasr Automotive Manufacturing Company falls within the framework of President Abdel Fattah El Sisi's directives to localize the manufacture of green cars.
Tawfik was speaking on Monday during signing two agreements between El Nasr Automotive Manufacturing Company, China Dongfeng Motor Industry Import & Export Co. (DFMIEC), and Dongfeng Design & Research Institute Co. via video conference in the presence of Chinese Ambassador in Cairo Liao Liqiang.
The two deals include manufacturing an electric car by El Nasr company in cooperation with DFMIEC, which is affiliated to Dongfeng Company that produces 3.5 million cars annually, as well as renovating El Nasr company's factory in cooperation with Dongfeng design institute, Tawfik pointed out.
The minister noted that the Egyptian company will produce 50% of the electric car components and plans to localize the industry by establishing a research and development center in cooperation with Dongfeng and Brightskies Technologies of Egypt.
The minister added that the project aims to produce 25,000 cars every year, saying the production is expected to increase according to the demand.
El Nasr also tackles exporting the car to regional markets after its success in the local market.
The first car will be produced within a year from the date of signing the agreements.
It is worth noting that inking today's deals come after one year of negotiations and exchanging technical information between the Egyptian and Chinese sides.
Regarding the car, its top speed will be 150 km/h with a horsepower of 145. It can go 400 km on a single charge equipped with modern safety systems.