Egypt is stepping up efforts to localize automobile manufacturing and related industries, with plans to expand electric vehicle production and increase local content in vehicles, Prime Minister Mostafa Madbouly said during a meeting to review the government's automotive localization plan.

Egypt-based automaker El Nasr Automotive Manufacturing Company has started producing China's Dongfeng MAGE EV model as Egypt’s first locally produced electric vehicle (EV), with local components reaching 45%.

Egypt’s El Nasr Automotive Manufacturing Company and the Chinese central state-owned automobile manufacturer FAW have signed a partnership to manufacture a range of vehicles under the “Nasr” brand.

El Nasr Automotive Manufacturing Company has officially resumed operations after a 15-year hiatus, marking a significant step in Egypt's efforts to revitalize its national industry.

State-run El-Nasr Automotive Manufacturing Company, in collaboration with private Egyptian partner and another Chinese one, will establish a new company specialized in the automotive industry, the spokesman of the Ministry of Public Business Sector Mansour Abdel Ghani told Arab Finance.