France’s Stellantis plans to build electric car factory in Egypt - News Summed Up

France’s Stellantis plans to build electric car factory in Egypt


Meeting of Prime Minister Mostafa Madbouli with the representatives of Stellantis at Cabinet’s headquarters in Cairo, Egypt on May 18, 2022. Press PhotoCAIRO – 18 May 2022: In light of its desire to build an electric car factory in Egypt, Prime Minister Mostafa Madbouli received Tuesday the representatives of Stellantis, the French company that owns the brands of Peugeot, Citroen and Chrysler among others, as well as those of its agent in Egypt. The representative of Stellantis Samir Shefran said that the company wants to benefit from the incentives offered by Egypt in the automotive sector. The prime minister checked in December the model of an electric car produced by General Motors, and is expected to be offered in the Egyptian market in 2022. The prime minister had held a meeting with them earlier with the attendance of Minister of Finance Mohamed Mait, and Minister of Industry and Trade Nevine Gamea.


Source: Egypt Today May 18, 2022 13:21 UTC



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