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在线翻译:
szdaily -> Markets -> 
SAIC Motor plans to build factory in Egypt
    2018-03-27  08:53    Shenzhen Daily

SAIC Motor Corp., China’s largest automaker, plans to build a factory in Egypt to supply markets in the Middle East and Africa, Xinhua reported Sunday, citing Egypt’s Minister of Trade and Industry Tarek Kabil.

A delegation from SAIC Motor had reviewed a new Egyptian investment law that encourages full-car manufacturing rather than just assembly, Xinhua said.

The proposed factory would supply the Egyptian market as well as markets in the Middle East and Africa that have free trade agreements with Egypt.

Xinhua also quoted Yang Xiaodong, executive director of SAIC Motor’s international department, as saying that SAIC Motor plans to build the factory in Egypt because the firm sees the Egyptian market as one of the most promising in the Middle East and Africa.

Yang said that his firm is currently communicating with Egypt’s largest automobile companies to plan distribution of SAIC Motor’s products in the most populous Arab country.

SAIC Motor is China’s biggest carmaker in terms of sales, as it accounts for 23.3 percent of the car sales in the Chinese market, selling about 6.9 million vehicles in 2017 alone.

The firm would be the latest Chinese automaker to plan manufacturing capacity in North Africa. In December, Shenzhen-based BYD Co. signed a memorandum of understanding with Moroccan officials to build an electric car plant.

The Xinhua report gave no details on the level of SAIC Motor’s proposed investment or the date when production might start. (SD-Agencies)

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