20. April 2022

Development of the first Egyptian e-car by NASCO with FEV

His Excellency H.E. Hisham Anwar Tawfiq, Minister of Public Business Sector in Egypt (in the background), Hany El-Kholy, CEO, NASCO (left), and Michael Hog, Group Vice President Vehicle Development, FEV, at the contract signing ceremony at the Egyptian Ministry of Public Economic Sector. Source: NASCO/ FEV Group

Aachen, April 2022 – FEV has signed a development agreement with El Nasr Automotive Manufacturing Company (NASCO) at the Ministry of Public Business Sector in Egypt. Leading global development service provider FEV and Egyptian automobile manufacturer NASCO in Helwan near Cairo are developing the country's first electric vehicle by 2023 with production in Egypt. 

The scope of services of the long-term, strategic partnership includes supplier negotiations, the establishment of a local supplier network, and vehicle development for the sedan with a purely battery-electric drive system.

“We are pleased about the partnership with NASCO and the trust placed in us. We see great potential in North Africa for the development of sustainable e-vehicles and are striving to expand local expertise in this area,” said Prof. Stefan Pischinger, CEO of FEV Group. Just last year, FEV and its joint venture partner UTAC announced the construction of Africa's first automotive development and test center in Oued Zem, Morocco. The test center will open in the course of 2022.

“The decision to cooperate was made quickly. FEV is recognized as one of the leading companies in the development of electric vehicles and the setting of global standards,” said Hany El-Kholy, CEO of NASCO.

Michael Hog, Group Vice President for vehicle development at FEV, also emphasized: “In the past six months, we have reached an important milestone on the way to the first Egyptian BEV. We are looking forward to a further successful cooperation.”

In line with the associated claim of developing sustainable and safe mobility for the African continent, the world climate conference COP27 will be held in Egypt in November of this year. Among other things, it defines the emission limit values to be achieved by 2045. Electromobility makes an important contribution to achieving the 1.5 °C target.

About FEV

FEV has always pushed the limits.
FEV is an internationally recognized leader of innovation across different sectors and industries. Professor Franz Pischinger laid the foundations by combining his background in academia and engineering with a great vision for continual progress. The company has supplied solutions and strategy consulting to the world's largest automotive OEMs and has supported customers through the entire transportation and mobility ecosystem. 

As the world continues to evolve, so does FEV.
That’s why FEV is unleashing its technological and strategic expertise into other areas. It applies its forward thinking to the energy sector. And its software and system know-how will enable the company to lead the way making intelligent solutions available to everyone. FEV brings together the brightest minds from different backgrounds and specialties to find new solutions for both current and future challenges. 

But FEV won’t stop there. 
Looking ahead, FEV continues to push the limits of innovation. With its highly qualified 7000 employees at more than 40 locations globally, FEV imagines solutions that don’t just meet today’s needs but tomorrow’s. Ultimately, FEV keeps evolving – to a better, cleaner future built on sustainable mobility, energy and software that drives everything. For the companies’ partners, its people and the world.
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