Latest in Automotive Highlight
Latest in Automotive
Egypt car sales jump 49% y-o-y in January 2021
Passenger car sales increased 71% y-o-y to 14,900 units in January
AAAM, Afreximbank sign MoU to boost Africa automotive investment
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.
Egypt’s Public Treasury bears EGP 7.1bn of vehicle replacement financing
Door open to all banks operating in Egyptian market to participate in car replacement initiative, says Finance Minister
Car sales jump 26.6% in 2020, GB Auto records robust volumes in Q4 of 2020
Automotive sales reach 213,200 units in 2020, registering strong surprise recovery
Zytech to establish 100 electric vehicle charging stations in Egypt by 2021 end
Reduction in customs requirements for EV charging stations, which supports assembly of electrical stations in Egypt
FEI’s feeder industries division praises government drive towards EV manufacturing
Division expects EVs to spread significantly between now and 2026, with opening charging stations
Do people with disabilities benefit from Egypt’s car replacement initiative?
Most of cars owned by people with special needs are over 20 years old, which entails that they are targeted in replacement initiative
El Nasr to rehabilitate factory infrastructure during next 6 months: Managing Director
Production lines to be improved from China with investments of EGP 1bn
Trading Bitcoin and the Gaming Industry – What Binds Them?
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 …
Volkswagen sells 2,300 Tiguan, Passat vehicles in Egypt last year: Local agent
Car sales in domestic market rose by 28% in 2020, says Medhat Ismail
Ezz Elarab Group launches DS3 Crossback for 1st time in Egypt
Model features 1200 cc with 130 hp and 8 gear transmission
Automotive market divided on impact of second COVID-19 wave on local sales
Closure of some car factories abroad due to coronavirus will lead to decline in Egypt’s car imports by 10%-20%: Brilliance Bavarian official
GB Auto eyes spending EGP 260m as capex during 2021
Company considering selling minority stakes in NBFI companies to strategic investors
Supported by Chinese experience, El Nasr to produce Egypt’s first EV by 2022
Local component in electric cars projected to be 58%, says El Nasr Automotive CEO
King Long releases microbus with 70% local components
New model was launched at price of EGP 210,000
Contracting procedures for old car replacement standardised across all banks: Trade Minister
Citizens can access payment plans up to 7-10 years under initiative
Converting, replacing cars to natural gas: What you need to know
Find full facts for converting and replacing vehicles to dual-fuel system, steps needed to participate, and who to go to
High turnout in vehicle replacement scheme at Go Green Exhibition
Egypt’s Trade Minister calls on citizens to register online, contact hotline for enquiries
Dealers expect lower prices on used cars, high demand for new models
Chairperson of the Egyptian Automotive Dealers Association, Osama Aboul Magd, has said that the used car market will face stagnation during the coming period.
20,000 citizens register data under Car Replacement Initiative: Trade Minister
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 …
Auto dealers support extending deadline for electronic traffic sticker installation until March
No further extensions to e-sticker installation deadline expected: Egyptian Automotive Dealers Association Chairperson
Auto market escapes wave of price hike in January thanks to Egypt-UK Association Agreement
Egypt-UK Association Agreement will ensure that the prices of cars coming from the UK will not be affected by Brexit.: El-Sabaa
Looking for affordable cars to buy? DNE presents 6 cheapest vehicles in Egypt
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.
Egypt’s central bank allocates EGP 15bn to finance dual-fuel vehicle conversions
According to the central bank imitative loan period ranges from seven to 10 years, with the repayment to be made in equal monthly instalments
President Al-Sisi inaugurates Egypt’s 1st Go Green Exhibition
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
250k natural gas vehicle conversions, replacements planned over 3 years
Programme saves 50% of money spent on traditional fuels, provides better income for taxi and microbus drivers, and decreases air pollution: Nevine Gamea
Egypt to launch ‘Go Green Exhibition’ for eco-friendly vehicles on Monday
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).
Ghabbour Auto’s Drive securitisation deal to result in EGP 100m gain
Drive, Ghabbour Auto’s (GB Auto) consumer finance and factoring subsidiary, has completed its second securitised bond offering, amounting to EGP 892m.
Daily News Egypt test drives Škoda Superb
New car model is equipped with front-wheel-drive system, 1,400cc 4-cylinder engine that generates 150 hp and 250 Nm of torque
Apex Racing Team EV wins 1st place at Cairo Rally for Electric Vehicles
Team’s orientation towards EV racing comes as part of state’s plans to move towards electric vehicles