Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

Egypt Negotiates with S. Korean Company to Produce Electric Microbus

Wed 29 Jun 2022 | 11:19 PM
Taarek Refaat

The Ministry of Public Business Sector said that communication is underway with a South Korean company to produce electric microbus, and an Indian company to produce a modern alternative to an electric tuk-tuk that can be tracked by security.

The ministry added that this comes in light of keeping pace with the increasing global trend of electric transport and preserving the environment by reducing dependence on fossil fuels and emissions.

It indicated that work is underway to implement 3 projects in the field of e-vehicles of different sizes (sedan - microbus - tuk-tuk), in addition to developing the battery and control systems.

It stated that a memorandum of understanding (MoU) was signed with one of the major Chinese companies to produce an e-vehicle with a capacity of 25,000 cars annually, and contracts are scheduled to be signed in July 2022, for the targeted production to start in Q3 of 2023.

The ministry pointed out that an agreement was signed between Nasr Automobiles and a private sector company to establish a company to provide sales, after-sales, maintenance and warranty services for electric cars.

It noted that work is underway on a project to develop batteries and control systems in cooperation with two Egyptian companies, pointing out that they have made extensive efforts to coordinate with a number of ministries and authorities to prepare a package of incentives and infrastructure requirements to start introducing electric cars to the Egyptian market, including a cash support for buyers of locally manufactured cars with up to EGP 50,000, as well as preparing an initial inventory of the proposed locations for charging stations.

The ministry explained that it aims to establish 3,000 dual chargers within 18 months within the governorates of Cairo, Giza and Alexandria, and on highways.