After recently setting up GM Europe, $General Motors (GM.US)...
After recently setting up GM Europe, $General Motors(GM.US$ is now laying the groundwork for expanding EV production to Egypt, where it will also serve as a hub to export EVs to Africa.
“CAIRO, Dec 1 (Reuters) - General Motors Co and Egypt's Al Mansour Automotive Co have agreed to study jointly manufacturing electric vehicles in Egypt and, once finished, ask the government for support, Mansour Automotive's chairman Mohamed Mansour said on Wednesday.”
“Under a memorandum signed on Wednesday, the two companies will study production requirements, volumes and incentives they might need from the government, Mansour said, without specifying what shape those incentives might take.”
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
GROW sky : Government motors. FJB. I know he didn't have anything to do with that
Old Capital : Anything on dividend restarting?
Henriettalew Old Capital: Hope they reinvest into EV and AV instead. Would help them shed the image of a legacy auto.