en.Wedoany.com Reported - On June 17, 2026, FAW Pentium Auto Co., Ltd., a subsidiary of China FAW Group, signed a strategic cooperation agreement with Egypt's state-owned El-Nasr Automotive Manufacturing Company in the New Administrative Capital of Egypt. The two parties will jointly produce a series of "El-Nasr" brand vehicles. Egyptian Prime Minister Mostafa Madbouly, Deputy Prime Minister Hussein Eissa, and other government officials attended and witnessed the signing ceremony.
Founded in 1953 and headquartered in Changchun, Jilin Province, China FAW Group is one of China's oldest and largest state-owned automobile manufacturers, with businesses covering the research, development, manufacturing, and sales of passenger vehicles, commercial vehicles, and parts. It also operates joint ventures with international brands such as Volkswagen and Toyota. FAW Pentium Auto Co., Ltd. is the self-owned passenger vehicle brand under China FAW, focusing on the R&D and production of sedans, SUVs, and new energy vehicles. Established in 1960, El-Nasr Automotive Manufacturing Company was once a leading automobile manufacturer in the Middle East and Africa. It gradually declined due to various reasons and resumed production in 2024 after years of suspension. The company is currently under the Metallurgical Industries Holding Company, which is affiliated with Egypt's Ministry of Public Enterprise.
According to the agreement, FAW Pentium will transfer product technology and production processes to El-Nasr to manufacture "El-Nasr" brand vehicles in accordance with the latest international standards. Mohamed El-Saadawy, Chairman of the Metallurgical Industries Holding Company, stated that this cooperation reflects mutual trust and a shared desire to establish long-term industrial collaboration, which will help promote technology transfer, increase the proportion of local parts, and support Egypt's efforts to revitalize its national automotive industry and enhance its competitiveness in local and regional markets. Nabil Hamad, General Manager of El-Nasr Automotive Manufacturing Company, noted that the project will not only meet the demands of the Egyptian market but also create opportunities for expansion into regional and international markets. Liu Zhongchen, Chairman of FAW Pentium Auto Co., Ltd., stated that the company will take this signing as an opportunity to deeply integrate into and support Egypt's revitalization of its national automotive industry, driving industrial structural optimization and upgrading through technology introduction and standard co-building.
This signing marks another significant move by China FAW in the Egyptian market, following its 2024 agreement with Egypt's GV Auto Company on electric vehicle manufacturing and export. The agreement is also a key step in the Egyptian government's strategy to revive its domestic automotive industry and expand local manufacturing capacity.
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