Al-Mansour Automobiles, the Egyptian company and General Motors International signed a memorandum of understanding on the aspects of cooperation and future joint growth between the two sides, which included a framework to explore areas of investment in Egyptian startups working to provide new technologies or solutions to support sustainable mobility.
The two companies stated, in a note today Wednesday that the memorandum also included discussing ways to expand the scope of business related to spare parts and accessories.
The memorandum included the discussion on expanding local production of spare parts and their offer for export, as well as the inclusion of the memorandum of understanding which discussed frameworks for joint cooperation and explored possibilities for local assembly and production of battery electric vehicles (BEVs).
It has entered into the opening of communication channels and the initiation of a serious dialogue with the relevant government agencies and institutions to develop a strong ecosystem and electricity infrastructure that would improve the electricity industry. auto and would power this important industry.
For his part, Mohamed Mansour, president of Al Mansour Automotive Group, said: “For the past 46 years, Al Mansour Automotive has been in at the forefront of the growth of the auto industry in Egypt”.
He added: “The global auto industry is undergoing a major transformation and change fueled by innovation and the signing of a Memorandum of Understanding with General Motors is a testament to our shared commitment to strengthen the Egyptian economy through a strong history. manufacturing, supporting the new beginning- up and young entrepreneurs who develop solutions for a better future. “
General Motors International President Stephen Kiefer said the relationship with Al-Mansour Automobiles Company is one of the most important strategic relationships for General Motors in the world and together we have delivered more than one million auto to customers in the region.
Kiefer added that GM is transforming in a platform for global innovation and excellence with investments of up to $ 35 billion in electric and autonomous vehicle technology through 2025.
He explained that this is an affirmation of General Motors’ vision to achieve “zero accidents, zero emissions e zero traffic congestion, “noting that the partnership with Al-Mansour is very important to these major investments and others, which support Global Motors’ growth strategy.
Al-Mansour Automotive Company is the official agent of General Motors in Egypt The General Motors Egypt and Al-Mansour Motors network has 46 showrooms and 34 service centers.
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