Egypt has finalized an agreement to build a $2 billion electric battery manufacturing plant in collaboration with a major global energy company. The facility aims to bolster the country’s growing renewable energy sector and reduce reliance on imported battery technology. The project is expected to support Egypt’s expanding electric vehicle market and enhance local industrial capabilities. Details on production timelines and specific contributions from each partner remain under discussion.
Egypt signs contract to establish EGP 2bn electric battery plant with CATL Dailynewsegypt
