19 Hrs
Source:
بوابة أخبار اليوم
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Prime Minister to Visit Transport Projects in Cairo and Giza
Egypt plans to establish a factory for producing electric batteries in collaboration with the Chinese company Contemporary Ambirex. The goal is to meet both local and global market needs for vehicle batteries and clean energy storage. The first phase is expected to commence with an annual production capacity of 1 gigawatt-hour, with an investment exceeding 2 billion Egyptian pounds. The second phase aims to increase capacity to 5 gigawatts, covering batteries for cars, solar energy, and wind power. The project seeks to reduce reliance on imports, create jobs, enhance technical skills, and achieve a targeted local content ratio of up to 40%. It aspires to open new horizons for manufacturing and exporting in Egypt.
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