22 Hrs
Source:
بوابة الفجر
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PM attends electric battery factory signing
The goal of the project to establish a manufacturing plant for electric batteries in Egypt is to produce a variety of battery systems in line with the expansion of the transportation, clean energy, and renewable sectors. The focus is on manufacturing batteries for heavy commercial vehicles, with a plan to develop production to include batteries for passenger cars, as well as solar and wind energy storage solutions. The initial phase is expected to have an annual production capacity of 1 gigawatt-hour, increasing to 5 gigawatt-hours in the second phase, with a local content ratio reaching up to 40%. Through this project, Egypt aims to reduce dependence on imports, support the electric vehicle industry, and localize technology, thereby enhancing its manufacturing capabilities and establishing itself as a regional hub for future industries.
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