Back to the complete issue
Sunday, 21 June 2020

MIH signs MoU with China’s Dongfeng to locally assemble electric cars

China’s Dongfeng wants to locally assemble electric cars: The Public Enterprises MInistry’s Metallurgical Industries Holding Company (MIH) has signed an MoU with China’s Dongfeng Motor Corporation to assemble Egypt’s first electric cars at El Nasr Automotive. MIH board chairman Medhat Nafea was quoted by Hapi Journal as saying that 25k vehicles will be assembled annually, with production slated to begin in the last quarter of 2021. MIH announced last week that it had partnered with Malaysia’s Proton to assemble 20k cars annually, with production set to begin within three years.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2020 Enterprise Ventures LLC.