CATL has secured a major battery manufacturing agreement with Egypt, marking the Chinese company’s first major investment in the North African nation’s growing electric vehicle supply chain. The deal follows a high-profile visit by Chinese President Xi Jinping to Cairo just two weeks earlier, during which energy and automotive cooperation were prominently discussed. Analysts suggest the partnership could strengthen Egypt’s push to develop domestic battery production as part of its broader renewable energy and EV infrastructure plans. The move also underscores Beijing’s expanding influence in Africa’s automotive sector amid rising global competition.
CATL Signs Egyptian Battery Deal Two Weeks After Xi’s Visit to Cairo eletric-vehicles.com
