The Prime Minister holds a meeting to review the project “Manufacturing an Egyptian electric car”
Madbouly inspects the models of produced cars and calls for work to increase the local component and pay attention to the quality of the product
Minister of Higher Education: Linking scientific research with industry is on our priority agenda)
Dr. Mostafa Madbouly, Prime Minister, held a meeting today to review the project to manufacture an Egyptian electric car, in the presence of Dr. Ayman Ashour, Minister of Higher Education and Scientific Research, Dr. Mahmoud Saqr, President of the Academy of Scientific Research and Technology, and Dr. Mohamed El-Ghamry, Dean of Applied Research at the Arab Academy for Science, Technology and Maritime Transport, Dr. Mohamed Abdel Aziz, Professor at the Automotive Department at the Faculty of Engineering, Ain Shams University, and Dr. Mohamed El Sharkawy, Assistant Minister of Higher Education for Policies and Economic Affairs.
He emphasized Prime Minister the state’s interest in this project, which achieves the goal of localizing the electric car industry locally.
For his part, the Minister of Higher Education expressed his happiness for the opportunity to present an Egyptian electric car manufacturing model that achieves linking scientific research with industry, which we place on our priority agenda, pointing out that this model
During the meeting, Dr. Muhammad Al-Ghamry presented the elements of the electric car that will be manufactured locally and the mechanism for developing them, referring to the expected returns from this project, both in terms of investment. As well as providing direct and indirect job opportunities in the feeding industries, in addition to providing hard currency due to the reduction of the import bill. 6 months for a vehicle intended for use within the city with a local component 60%, with work to raise the local component to 50% within 24 months From the start of production, through a research project funded by the Academy of Scientific Research and Technology, with the aim of designing all electronic and electrical components locally. thousand meters, and make arrangements to deepen the local component in mechanical design, motors, and electronic circuits, to reach the percentage of 100% He added that the project aims to meet the needs of the Egyptian market of various models, and to develop an Egyptian design for the cars produced through high-level national cadres. Foreign companies have expressed their willingness to partner to establish a factory to produce batteries for electric cars, as well as to manufacture engines locally. The license for the car is an alternative to the “tuk-tuk” with a maximum speed of 45 km/h according to the specification or 60 km/h, which will run on electricity, as the Prime Minister gave preliminary approval in In this regard, taking special measures in this regard.
The Dean of Applied Research at the Arab Academy also requested that all components of the Egyptian electric car production be exempted from customs, similar to the exemption enjoyed by imported and manufactured electric cars abroad, with an incentive of as much as 50 One thousand Egyptian pounds for the buyer of the Egyptian-made electric car. In response, he confirmed The Prime Minister said that these demands will be studied with the concerned ministers.
In support of the expansion of the company’s business, and within the framework of allocating 50 thousand meters in the Tenth of Ramadan City to establish the first car factory Electricity in Egypt, Dr. Al-Ghamry asked to postpone the second installment for the land to be due after two years, so the Prime Minister confirmed that there are recently approved facilities that allow the industrial investor to obtain the land, pay the advance, then a two-year grace period to complete the construction of the factory, after which it begins to pay Installments.
Dr. Mostafa Madbouly inspected, in the inner courtyard of the Council of Ministers, models of the produced cars, as he called for work to increase the local component, and pay attention to the quality of the product.