Back to the complete issue
Sunday, 13 November 2022

Al Mansour, GM launch Cadillac EV in Egypt; Al Mansour plans to assemble EVs here

Electric Cadillacs are coming to Egypt: General Motors (GM) and Al Mansour Automotive will debut electric Cadillacs in Egypt by the end of 2023, the two companies announced in a statement (pdf) Thursday. The Cadillac Lyriq, an all-electric mid-size luxury SUV, will go on sale late next year, with five luxury electric models expected to be available by 2025, according to the statement.

Al Mansour Auto is still planning to assemble EVs in Egypt: In an interview with Bloomberg last week, Mohamed Mansour said that he intends to produce 15k EVs over the next three years. Under an MoU signed last December, Al Mansour Auto and GM are looking at partnering up to produce EVs in Egypt. “I feel it’s going to be a big success,” Mansour told the news outlet.

You might have spotted Lyriq in COP: The Lyriq is one of EVs on show during COP27 by GM and Al Mansour Auto, who are the summit’s mobility partners.

The Lyriq is really popular in the West: It’s sold out for 2023 delivery in the United States, where GM is now accepting orders for 2024 delivery. It’s getting positive reviews from Car and Driver, Edmunds and Motor Trend.

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. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Etisalat Misr (tax ID: 235-071-579), the leading telecoms provider in Egypt; and Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt.