The uptick extends the recovery trend that began in February, following a steep 22% drop in January.
The total planned output is 240,000 vehicles, according to a statement issued by the Egyptian Presidency.
The latest figures point to sustained recovery in the market, which began regaining momentum in February after a sharp 22.0% decline in January
The deal aims to strengthen cooperation in the manufacturing and assembly of the Jetour T1 and T2 models in Egypt, with a total investment of $123 million, according to an official Cabinet statement.
He stated that the project aims to meet local market demand and serve as a hub for exports, taking advantage of the strong support the Egyptian government—under the leadership of Prime Minister Dr. Mostafa Madbouly—provides to the automotive industry.
