In what could be a win-win situation for both countries, Egypt’s state-owned El Nasr Automotive Manufacturing Company and China’s Dongfeng Motor signed an agreement on June 18 to produce electric cars for the first time in Egypt.
According to the agreement with the Chinese automaker, El Nasr will produce 25,000 electric vehicles annually. Egyptian Minister of Public Enterprise Sector Hisham Tawfik said the agreement will mark a comeback for El Nasr, which has been shuttered since 2009.