BME signs contract with China’s CATL for EGP 2 bn battery systems plant
· Egyptian market news · RAYA
Battery manufacturing company BME signed a contract with Chinese battery giant CATL to set up a EGP 2 bn-plus battery systems plant cabinet statement MCV Auto D
What’s manufactured here vs what’s imported:
IN CONTEXT- batteries USD 62 mn
Egypt’s battery-manufacturing pipeline is getting crowded: earlier this month broke ground last month
Why it matters: eight passenger EV assembly projects Rox ESI Al Mansour/MG Al Amal Group/Dongfeng Guide Automotive BAIC/Alkan Auto GV Auto/FAW Jinbei/Ezz Elsewedy Raya Auto Next MSC