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Chinese firm Jetour Auto opens $123M factory in Egypt, boosting local EV production and technology.
Chinese automotive innovations are transforming Egypt's auto industry, with Jetour Auto's factory in Giza leading the charge.
This $123 million venture with Egypt's Kasrawy Group aims to produce vehicles for local and export markets, leveraging China's advanced technology in electric vehicles and batteries.
The partnership, part of broader Belt and Road cooperation, promises mutual benefits including job creation and technology transfer, appealing to Egyptian consumers with competitive pricing and premium features.
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La firma china Jetour Auto abre una fábrica de $ 123M en Egipto, impulsando la producción y la tecnología locales de EV.