After months of talks with the Customs Authority and Egypt's Trade Ministry, Mercedes has the green light to resume its assembly operations in partnership with the Egyptian German Automotive Company (EGA), after five-year hiatus, according to reports published on Wednesday.
On other hand, the German luxury car maker imported two shipments earlier this week including assembly inputs, spare parts, and fully-assembled vehicles.
Mercedes
Moreover, a number of sticking points, including the regulations that would allow Mercedes-Benz to assemble its vehicles at a local partner’s facilities while still enjoying customs incentives, have now been resolved, sources reported.
In September 2019, the German company expected to produce its first locally assembled vehicle in years by the second half of 2020 and added at the time that production would “focus on SUVs that are not yet available in the Egyptian market
Noteworthy, Mercedes closed its local assembly in Egypt in mid-2015, and reported that Egypt’s freetrade agreement with the EU which saw tariffs on European cars to zero as of 1 January 2019, would make it economically infeasible to continue its local assembly operations.
Earlier, Mercedes-Benz announced in October 2020, its plans to produce six new all-electric vehicles, as well as its own proprietary MB.OS operating system, a software platform that will be developed in-house and rolled in 2024.
According to Mercedes, the 1st new model is the EQS luxury sedan, which will be the 1st representative of the car-maker’s new dedicated architecture and will launch by 2021, with an impressive range of more than 700km.
Also, the company is Scoring great strides on battery technology, working in-house with key strategic partners CATL, Farasis, and Sila Nano on new materials and production processes to increase range and reduce charging time and cost.
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