Latest Automotive News
Egypt, Hyundai to discuss car replacement initiative amid component shortages
Global producers such as GM, Ford, and Stellantis have witnessed production cuts…
Banks in Egypt see EGP 50.921bn increase in net foreign assets in February 2021: CBE
Proceeds of saving certificates, deposits in local currency rise by EGP 76.77bn…
Egypt automotive sales drop marginally due to seasonality impacts
Additional postponement on part of customers affected sales
Egypt to see car prices variation in March as overpricing returns
Car sales in Egypt increases by 26.5% during 2020 to record 231,200…
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…
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 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…
