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Government proposes EV factory investment
The article discusses the government's announcement of establishing a factory for assembling electric vehicles with an annual production capacity of up to 15,000 cars. The goal is to meet domestic demand and export to Arab, regional, and European markets. The project includes a Knock-Down (CKD) component assembly system that integrates multiple production processes, supporting flexibility in model diversification and fostering partnerships with global companies. This initiative aligns with a strategy to boost industrial investments and accelerate Jordan’s transition toward electric vehicle manufacturing. Additionally, other projects are highlighted, such as the development of electrical connection systems for vehicles, which are experiencing annual growth rates between 17% and 25%. Overall, both projects aim to enhance Jordan’s position as a regional industrial hub in the electric vehicle sector.
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