Latest in Automotive Highlight
Latest in Automotive
Passenger car sales increased 71% y-o-y to 14,900 units in January
The African Export-Import Bank (Afreximbank) and the African Association of Automotive Manufacturers (AAAM) have signed a Memorandum of Understanding (MoU) for the financing and promotion of Africa’s automotive industry.
Door open to all banks operating in Egyptian market to participate in car replacement initiative, says Finance Minister
Automotive sales reach 213,200 units in 2020, registering strong surprise recovery
Reduction in customs requirements for EV charging stations, which supports assembly of electrical stations in Egypt
Division expects EVs to spread significantly between now and 2026, with opening charging stations
Most of cars owned by people with special needs are over 20 years old, which entails that they are targeted in replacement initiative
Production lines to be improved from China with investments of EGP 1bn
Trading with Bitcoin is pretty popular nowadays. The gaming industry has been popular for quite some time. So, what do these things have in common? It’s true that Bitcoin is changing the way we look at money. More and more companies are accepting it as a viable payment method. Also, thanks to the many success …
Car sales in domestic market rose by 28% in 2020, says Medhat Ismail
Model features 1200 cc with 130 hp and 8 gear transmission
Closure of some car factories abroad due to coronavirus will lead to decline in Egypt’s car imports by 10%-20%: Brilliance Bavarian official
Company considering selling minority stakes in NBFI companies to strategic investors
Local component in electric cars projected to be 58%, says El Nasr Automotive CEO
New model was launched at price of EGP 210,000
Citizens can access payment plans up to 7-10 years under initiative
Find full facts for converting and replacing vehicles to dual-fuel system, steps needed to participate, and who to go to
Egypt’s Trade Minister calls on citizens to register online, contact hotline for enquiries
Chairperson of the Egyptian Automotive Dealers Association, Osama Aboul Magd, has said that the used car market will face stagnation during the coming period.
Egypt’s Minister of Trade and Industry Nevine Gamea has revealed that 20,000 citizens registered their data, during the recent Go Green Exhibition, to benefit from the government’s Car Replacement initiative. Gamea said that the initiative aims to convert and replace vehicles to run on clean energy and natural gas. Of the registrants, more than 10,000 …
No further extensions to e-sticker installation deadline expected: Egyptian Automotive Dealers Association Chairperson
Egypt-UK Association Agreement will ensure that the prices of cars coming from the UK will not be affected by Brexit.: El-Sabaa
With over-pricing an issue of debate in Egypt’s vehicle market, it can be difficult for potential customers looking to purchase new cars to decide what best option suits their needs. Daily News Egypt has identified the six lowest priced cars available in the domestic market, with prices ranging from EGP 125,000 to EGP 169,000.
According to the central bank imitative loan period ranges from seven to 10 years, with the repayment to be made in equal monthly instalments
Go Green Exhibition aims to keep companies and the public informed on national programmes available to finance conversion of cars to run on natural gas
Programme saves 50% of money spent on traditional fuels, provides better income for taxi and microbus drivers, and decreases air pollution: Nevine Gamea
Egypt’s first “Go Green Exhibition”, highlighting the conversion of vehicles to clean energy and replacement technologies, will kick off on Monday at the Egypt International Exhibition Center (EIEC).
Drive, Ghabbour Auto’s (GB Auto) consumer finance and factoring subsidiary, has completed its second securitised bond offering, amounting to EGP 892m.
New car model is equipped with front-wheel-drive system, 1,400cc 4-cylinder engine that generates 150 hp and 250 Nm of torque
Team’s orientation towards EV racing comes as part of state’s plans to move towards electric vehicles