Cairo:Egypt's Nasr Automotive Manufacturing Company is set to produce 3,000 locally assembled electric cars within its first year of operation. This initiative is considered a significant move towards localizing the automotive industry in Egypt.

According to State Information Service Egypt, Nabil Hamad, Managing Director and CEO of Nasr Automotive, emphasized the importance of this project in his statements to the "Sabah El-Kheir Ya Masr" program. The project aims to integrate global technology and expertise into the Egyptian market with full government support.

Nasr Automotive has a history of producing a variety of internal combustion engine vehicles and now possesses the technical expertise to manufacture fully Egyptian-assembled electric vehicles. The company plans to increase the local component in its vehicles and expand production volumes as part of its clear expansion strategy.

The launch of Egypt's first electric car production was attended by Industry Minister Khaled Hashem and Minister of Electricity and Renewable Energy Mahmoud Esmat at Nasr Automotive's factories.