CAIRO - 1 October 2019: Egypt's National Authority for Military Production signed on Tuesday an MoU with SSE and Marathon International Limited to build a factory that manufactures electric vehicle charging stations, and recycles batteries.
The move comes within the state’s plan to give up the use of fuel vehicles in public transportation and introduce electric ones. The Ministry of Military Production had signed in April an agreement with Foton Motor to produce 2,000 electric buses over 4 years at its Tank Production and Repair Company (Factory 200).
In the same month, the ministry signed an MoU with Geely to produce cars starting September 2019. That was during the president's visit to China to attend the Belt and the Road Summit.
The CEO of SSE expressed desire in cooperating with the ministry’s affiliate companies for its qualified labor and advanced production lines, saying his company would share the latest technology in the sector with the ministry with the aim of exporting to African and Arab markets.
Tue, Oct. 1, 2019
