Russia to launch major EV project in Egypt ...News

A Moscow-based electric car producer is set to build a components plant in Giza Egyptian real estate major GV Investments and Russian electric vehicle producer Concordia have struck a deal for the construction of a plant to produce EV components in Egypt, the Russian company announced on its website on Thursday. Moscow-based Concordia makes off-road EVs, tourist buses, golf carts, utility vehicles, and trucks. According to the company, GV Investments will provide “comprehensive support” for Concordia’s project, allocating land, building the plant, and facilitating production operations. The factory will be built i

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