Representatives from both companies recently signed a framework agreement. However, key details such as the capital investment and production capacity of the new venture remain undisclosed
The agreement obligated Global Auto to comply with the rules and conditions of the AIDP program
Egypt’s electric vehicle (EV) transition preparedness was ranked 28th out of 35 countries studied in the new Global Electric Mobility Readiness Index (GEMRIX) 2023 by US consulting firm Arthur D. Little
During the signing, Trade Minister Samir announced that the agreement aims to boost cooperation between the Egyptian and Swedish companies.
Prime Minister Mostafa Madbouly chaired the Supreme Council for Vehicle Manufacturing’s inaugural meeting yesterday, highlighting the automotive industry’s importance in supporting the Egyptian economy
