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July 5, 2019

Dongfeng Motor considers EV production in Egypt

Dongfeng Motor Corporation (DFM) is considering producing electric vehicles in Egypt, according to reports in China, citing a statement released by the Egyptian ministry of industry and trade.

By Olly Wehring

Dongfeng Motor Corporation (DFM) is considering producing electric vehicles in Egypt, according to reports in China, citing a statement released by the Egyptian ministry of industry and trade.

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The minister in charge, Amr Nassar, said he met with officials at DFM to discuss opportunities to manufacture electric vehicles in the country with a view to selling them locally and exporting them to other markets in Africa and the Middle East, and also to Europe.

Nassar said Egypt offers incentives to vehicle manufacturers wishing to produce electric vehicles in the country as the country looks to benefit from growing global demand for these vehicles.

He added DFM was considering an offer to partner with an Egyptian state owned manufacturer to produce electric vehicles although the nature of the partnership had yet to be determined. 

Li Zhengrong, vice president of DFM's Dongfeng Automobile Company, said his company was keen to set up an electric vehicle operation in the country targeting regional demand, adding he expected to export a number of vehicles from China to carry out local tests.

Free Report
img

What does the future hold for the US electric vehicles market?

The US Electric Vehicles (EV) market has established itself as one to watch. Despite China maintaining the number one spot, the US holds significant standing as one of the major EV markets, with GlobalData’s whitepaper identifying a strong growth trajectory within the forecast period. This report further analyzes the trends, market drivers, and government incentives set to influence and facilitate the market.   This report also looks beyond the US and touches on environmental concerns set to drive the EV market worldwide.   Want to find out more? This report demonstrates GlobalData Explorer’s sector analysis capabilities, showing how you can:  
  • Get historical and forecast market sizing data, with country specific insight for 22+ of the world’s largest industries
  • Track sector dealmaking activity, to view aggregate volumes, specific deals and top investors for all major deal types in M&A, Capital Raising, and Partnerships
  • Analyze news from GlobalData Explorer’s News Database – enable screening and alerts by industry, company, geography and news sentiment for filtered insight
  • Identify and track the key disruptive trends that are keeping the top digital thought leaders talking through social media analytics
  Consult this report now to find out how you and your company can benefit from our Explorer platform.
by GlobalData
Enter your details here to receive your free Report.

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