Automaker Stellantis could be looking to assemble Electric Vehicles in Egypt
Automobile manufacturer Stellantis is interested in assembling electric vehicles in Egypt, cabinet said in a statement yesterday following talks between Prime Minister Moustafa Madbouly and company officials. The automaker is reportedly interested in taking advantage of the government’s incentives for the auto sector, and is considering establishing a factory to produce EVs for the local and overseas markets, the statement said, without providing further details.
Stellantis is one of the largest car manufacturers in the world and was formed in 2021 following a merger of Fiat Chrysler and PSA. Its brands include Peugeot, Fiat, Citroen and Chrysler.