Egypt to build $20k electric vehicle in collaboration with Chinese firm
RIYADH: Egypt has ordered a state-owned company to work with a Chinese firm to build affordable electric vehicles priced at 315,000 Egyptian pounds ($20,000), Arab News reported. The Egyptian authorities have approached three potential companies to partner with the state-owned automobile company El Nasr Automotive Manufacturing on the project. It aims at investing 2 billion Egyptian pounds, Bloomberg reported, … Read more
