Egypt wants to produce CKD 25,000 electric cars per year
- Egypt is a CKD assembly country (low local integration rate assembly) and not a production country. The Egyptian government, faced with a drop in local automobile production in CKD since 2010, has decided to relaunch this production on new bases, namely the assembly in CKD of electric cars whose sales are increasing sharply all over the world. CKD automobile production in Egypt fell from nearly 76,000 passenger cars in 2010 to 53,000 in 2011, 37,000 in 2012 and 14,000 in 2013, before rising and stabilizing at 20,000 units per year. This drop in Egyptian car production is directly linked to the "Arab Spring" of 2011 and its aftermath.
- Since 2019, the new Egyptian regime had been seeking to establish an agreement with a foreign manufacturer to be able to revive local car production. After several years of negotiations, the government signed an agreement with the Chinese Dongfeng to locally assemble the Nasr E70 which is actually a Dongfeng Fengshen E70, a 100% electric medium sedan launched in China in 2018 equipped with a 150 hp engine and a 61 kWh battery, which has sold more than 80,000 units so far, including 15,000 in 2020, 30,000 in 2021 and 20,000 in the first half of 2022.
- The Egyptian government plans to produce 25,000 Nasr E70s per year for a full year, then 50,000 eventually, with the Egyptian plant to start production in CKD in July 2022. El Nasr Automotive Company is a subsidiary of the Metallurgical Industries Company dependent directly from the Egyptian Ministry of Public Enterprises. The program aims in particular to replace 11,000 old taxis with 11,000 Nasr E70s converted into taxis.
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