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Prime Minister at Electric Battery Factory Deal
An Egyptian factory will be built to produce electric batteries in collaboration with Chinese company Contemporary AmberX, the largest battery manufacturer in the world. This initiative aims to boost the automotive and clean energy sectors in Egypt. The factory’s initial production capacity is planned to be 1 gigawatt-hour annually, with expansions reaching up to 5 gigawatt-hours in the second phase. The products will include batteries for heavy commercial vehicles, passenger cars, solar, and wind energy storage. The project is expected to create jobs, support the localization of technology and local industry, with a local component of up to 40%. It also aligns with Egypt’s strategy to achieve high manufacturing capabilities in the field of electric batteries, thereby reducing dependence on imports and expanding export markets.
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