Prime Minister Mostafa Madbouly affirmed the government’s readiness to offer ‘out-of-the-box incentives’ to localize electric vehicle (EV) manufacturing in Egypt.

Hassan Allam Utilities and Infinity have signed a shareholders’ agreement with Misr Petroleum and Gastec to establish Egypt’s first company dedicated to electric vehicle (EV) charging stations.

Infinity, Egypt's leading EV charging provider, has signed a major partnership with Middle East Holding (MEH), a public company on the Amman Stock Exchange.

Alkan Auto, a subsidiary of the Egyptian International Motors Group (EIM Group), has signed an agreement with the Chinese automaker BAIC Group to set up an electric vehicles (EVs) manufacturing factory in Egypt.

Egypt-based renewable energy firm Infinity has partnered with Mansour MG Automotive to boost the presence of electric vehicles (EVs) in the local market.

Saudi Arabia’s Waja Company has sealed a framework cooperation agreement with the Arab Organization for Industrialization (AOI) to establish a joint venture (JV) for manufacturing electric vehicles (EVs) in Egypt.

Banque Du Caire has launched new loan programs to finance the purchase of electric vehicles (EVs) and solar panel installations.

Contact Financial Holding has launched a new electric vehicle (EV) green finance program to boost environmental sustainability and green transition,

Egypt’s real estate developer GV Investments has signed a strategic partnership agreement with the Russian manufacturer of electric vehicles (EVs) Concordia to set up an EV components manufacturing factory in Egypt.

Global Auto, BMW’s importer in Egypt, has partnered with the electric vehicle (EV) charging solutions provider Infinity to allow BMW i customers in Egypt to access Infinity’s services.

Ahli United Bank Egypt has launched the electric vehicle (EV) loan, with financing of up to 75% of the EV’s value at a maximum of EGP 2 million.

Egypt is looking forward to cooperating with Mercedes-Benz Egypt in the localization of the electric vehicles (EVs) industry.

Arab Developers Holding (ARAB) has signed a contract with the leading renewable energy provider Infinity to establish electric vehicles (EVs) charging stations at all its projects.

The car can travel a maximum of 420 kilometers on a full charge of 160 horsepower, and saves its owners from fuel and maintenance costs between 200,000 and 250,000 per 100,000 kilometers, Dongfeng said.