Egypt-Based GV Investments Partners with Chinese Company to Manufacture EVs ...Egypt

Egyptian Streets - News
Egypt-Based GV Investments Partners with Chinese Company to Manufacture EVs
source : Egyptian Streets ( Egypt ) () 64
Egyptian investment company GV Investments signed a partnership agreement with China’s car manufacturing giant FAW Group to produce affordable electric vehicles (EVs) for Egypt, GV Investments CEO Sherif Hamouda told Asharq Business on 27 May. Under the deal, a subsidiary of Egypt’s GV Investments will begin local production of FAW’s cheapest model during the first quarter of 2025 – requiring an investment of USD 20 million (EGP 951 million) for the necessary industrial facilities. The car, known in China as Bestune E05, is one of the world’s most affordable electric cars – costing around USD 17,500 (EGP 832,000) in China. Hamouda explained that the manufacturing scope would be expanded over

Hence then, the article about egypt based gv investments partners with chinese company to manufacture evs was published today ( ) and is available on Egyptian Streets ( Egypt ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Egypt-Based GV Investments Partners with Chinese Company to Manufacture EVs )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in News
Karamo Brown Skips 'Queer Eye' Interviews and Says He Felt 'Mentally and Emotionally Abused' for Years 
Parade - before 4 hours & 39 minute
Humans&, a ‘human-centric’ AI startup founded by Anthropic, xAI, Google alums, raised $480M seed round
tech crunch - before 6 hours & 25 minute
Fatboy Slim, '90s Big Beat Pioneer, On His Strange 'Smurfs' Connection
Parade - before 8 hours & 13 minute
'General Hospital' Recap: Willow Is Acquitted as Michael Becomes the New Suspect
Parade - before 6 hours & 14 minute
Psychologists Reveal: You've 'Succeeded' as a Parent if Your Adult Child Has These 11 Subtle Habits
Parade - before 10 hours & 43 minute
Ulta Is Selling a Miracle-Working Beauty Item Shoppers Say 'Saved' Their Skin
Parade - before 10 hours & 10 minute
Beloved ‘Beaches’ Star Barbara Hershey, 77, Is a Gray-Haired Beauty on the Red Carpet in Rare Appearance
Parade - before 4 hours & 20 minute
Russia sees no quick end to DR Congo conflict – Lavrov
Russia Today - before 8 hours & 11 minute
EU state’s leader reveals desire to share sauna with Trump
Russia Today - before 4 hours & 18 minute
‘DWTS’ Pro Sasha Farber Makes Rare Comment on Emma Slater Divorce—and Her New Relationship With Alan Bersten
Parade - before 2 hours & 11 minute
Last year, AI hype wowed Davos. This year, leaders are obsessing over how to use the technology at scale
Fortune - before 11 hour & 47 minute
Museveni’s son threatens Bobi Wine after Uganda election
Aljazeera - before 4 hours & 38 minute


Latest News

Largest H Mart in US is opening in Bay Area

before minute

Shh! These Tailored Dress Pants Are Secretly as Stretchy as Joggers — From $9

before minute

At Davos, Trump Faces a Wary World at a Volatile Moment of His Own Making

before 3 minute

Vice President JD Vance’s wife Usha pregnant, expecting baby No. 4

before 4 minute

Syrian government, SDF agree on a four-day ceasefire

before 4 minute

Second lady Usha Vance announces she’s pregnant with her and JD’s fourth child

before 4 minute

‘Secret of Skinwalker Ranch’ Owner Reveals Rare Artifact With a Powerful Message

before 5 minute

Clasp Represents Healthcare Employers in Federal Committee Tasked with Connecting Higher Education to Workforce Outcomes

before 5 minute

Scammers Are Targeting Your Verizon Outage Refund

before 5 minute

Golden Retriever Realizes & 039;Favorite Human& 039; at Daycare—Has Sweetest Reaction

before 7 minute

Readers share their favorite photos from this past weekend’s snowfall

before 7 minute

Federal judge says Trump-appointed federal prosecutor in Virginia is 'masquerading' in the job

before 7 minute

Vice President JD Vance and his wife Usha Vance say they are expecting their fourth child

before 7 minute

Hot Topic Sets New BTS Merch Deals on Heels of Upcoming Album Release

before 7 minute

Robinhood introduces Custom Combos, replacing parlays with fixed-odds sports contracts

before 8 minute