The goal was to bring the company back into operation, producing buses and cars in partnership with international collaborators.
The Egyptian government relaunched the Nasr Automobile Company After a 15-year pause. This move came after the 2016 decision to reverse the company’s 2009 liquidation order and focus on its development.
The goal was to bring the company back into operation, producing buses and cars in partnership with international collaborators.
During the inauguration ceremony, Prime Minister, Mostafa Madbouly, witnessed the signing of a contract to establish a joint-stock company between Nasr Automobile Company and two partners: Singapore-Taiwanese Tron Technology and UAE-based Your Transit.
The partnership aims to manufacture the first electric minibus (24-passenger capacity) for urban and tourism sector services, with a production capacity of 300 buses by 2026.
Additionally, the agreement includes setting up a production line for electric batteries, targeting an output of 600 batteries in 2026. Production is scheduled to commence by mid-next year, with plans to double these quantities starting in 2027.
It was noted that the current production capacity of the company's bus factory stands at 300 buses annually, with a target to increase this to 1,500 buses per year by 2027.
The initial phase will achieve a local component ratio of 50%, which is expected to rise to 60-70% in later stages.
The Prime Minister attended the handover ceremony of the first batch of the new buses, branded Nasr Sky Tourist, to the Ministry of Transport's affiliated companies.
These buses are among the most advanced globally in terms of technology and efficiency, featuring comfortable and safe designs. Each bus has a capacity of 49 passengers and a length of 12 meters.
Established in 1959 as Egypt’s first car manufacturer, Nasr Automobile Company faced major challenges, including liquidation proceedings 15 years ago due to debts of 1 billion EGP, reducing its workforce from 10,000 to 300.
After partial operations resumed in 2013, production halted again in 2015. In 2016, negotiations were initiated to settle the company's debts, paving the way for a potential revival.
In 2022, Nasr merged with the Engineering Automotive Manufacturing Company to focus on electric vehicles. Recently, it partnered with China’s Dongfeng to revamp its factory and produce Egypt’s first electric car.
