Automotive News
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Egypt’s Mtor nabs $2.8M pre-seed for its online auto parts marketplace
Other investors that participated in the round include Dutch Founders Fund, Aditum Ventures, LoftyInc Capital and other local and global investors.
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KG Mobility unveils Torres in Egypt
The company held a launching event of its mid-sized SUV in Cairo, aiming to expand the African market.
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Global Auto Group sign binding framework agreement to assemble cars in Egypt
Global Auto Group (GAG), the agent and importer for BMW and Mini in Egypt, has signed a binding framework agreement with the Madbouly government.
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MSMEDA invests LE 470M to convert cars to natural gas over 3 years
MSMEDA contributed to converting 59,000 cars, which represented about 40 percent of the cars converted in Egypt.
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Egypt has strong potential in automotive software, IC design industry: ITIDA CEO
Vehiclevo’s is one of the leading tier 1 suppliers of software and automotive technology serving the world's largest automotive manufacturers.
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10 game-changers in Egypt's automotive industry
Strategic partnerships, investments, and a focus on eco-friendly technologies are placing Egypt at the forefront of Africa's automotive market.
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Egypt, Volkswagen sign agreement to study building automotive zone in Port Said
Egyptian state entities signed an agreement with German automobile manufacturer Volkswagen to conduct a feasibility study for East PortSaid Zone.
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High interest rates impact car purchases in Egypt: Dr Greiche CEO
Greiche urged to encourage distribution after seeing the market to support suppliers for long-term success.
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Egypt signs four agreements for local car assembly
Egyptian government and auto manufacturing entities signed framework agreements with three local companies to cooperate in domestic car assembly.
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Government support crucial for global reach in automotive industry: AAAM Vice President
African Automotive Forum kicked off earlier on Saturday at the third edition of the Intra-African Trade Fair, IATF2023.
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All you need to know about Egypt’s first electric car
A member of the Chamber of Commerce’s Car Import Division al-Abdul Salam Nusair explained that production of first electric car by Al-Nasr Automotive.
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Egypt to sign 4 agreements for auto manufacturing
Egypt's Supreme Council for Vehicle Manufacturing is set to sign four partnership agreements with various companies.
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100,000 Egyptian expats register for zero-customs car import initiative: Maait
Egyptians living abroad or their families can conveniently apply for the zero-customs initiative through Android and IOS platforms.
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Passenger car sales in Egypt drop 61% YoY in 9 months; rise 15% in September
Passenger car sales in Egypt dropped 61 percent year-on-year (YoY) to 45,917 during the first nine months of 2023 while increasing 15 percent YoY.
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Egypt issues regulations for zero-customs car import initiative for expats
Egypt’s Ministry of Finance has issued regulations for the zero-customs car import initiative relaunched on Monday in order to expedite approvals.
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Egypt relaunches zero-customs car import initiative for expats
Egypt relaunched the zero-customs car import initiative for expats for three months, according to a Cabinet statement on Monday.
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Egypt extends expat car import initiative for additional 3 months
Egypt's House of Representatives extends the expat car import initiative for 3 more months. Expats can import cars tax-free by depositing an equivalent amount in a five-year foreign currency certificate of deposit.
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Localizing the Electric Car Industry fits Egypt's Vision to Lower Import Expenditures: Official Statement
This comes within the framework of the directives of President Abdel Fattah Al-Sisi, to localize the industry locally.
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10 facts about the current state of the automotive industry in Egypt
The automotive industry and market in Egypt witnessed several challenges amid global and local crises and market fluctuations.
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Egypt’s bold step towards electric vehicles
The Egyptian Cabinet granted a golden license to EgyptSat Auto, a private local auto manufacturer, to establish and operate a factory for EVs.