China’s BAIC to Produce Electric Cars in Egypt

China’s BAIC group, which specializes in car manufacturing, will produce electric cars in Egypt. BAIC has signed an agreement with Alkan Auto, the parent company of Egyptian state-owned group Egyptian International Motor (EIM), to build a state-of-the-art electric vehicle manufacturing plant in the North African country.

As Egypt’s Ministry of Industrial Development wrote in a press release, “the plant will be built on an area of 120,000 square meters and is expected to start production as early as the end of 2025.”

Once put into operation and in the first five years (2026-2030), 20,000 electric vehicles per year are expected to roll off the assembly lines, after which production will rise to 50,000 electric vehicles per year starting 2030. The agreement provides for the wide involvement of Egyptian manufacturers in the project: the share of local components should initially be at least 48 percent. The construction of the Chinese plant is expected to create about 1200 new jobs. Egypt’s Minister of Industrial Development Kamel Al-Wazir (pictured) emphasized that the signing of the agreement is part of the country’s transformation “into a regional industrial hub.”