El Nasr preparing feasibility study for Dongfeng EV manufacturing project
El Nasr Automotive is preparing a feasibility study to manufacture 25k electric cars in partnership with China's Dongfeng ahead of an agreement expected to be signed in 2Q2020, a government source told the local press. Public Enterprises Minister said last week that the two companies would sign the agreement in January prior to the feasibility study. The Military Production Ministry is talking to companies from India, Russia, and China to manufacture electric cars in Egypt, a ministry adviser told the local press at the Egypt Automotive summit yesterday. The government aims to produce 2k electric cars during the coming four years, he said.