(MENAFN- Daily News Egypt) Geyushi Motors has signed a cooperation agreement with FAW Group, the largest company owned by the Chinese government, announcing Geyushi Motors as the exclusive agent of the Chinese brand in Egypt.
The ceremony was attended by Mohy El-Din Geyushi, chairperson of Geyushi Motors; Wang Zitian, general manager of FAW Group; Song Iqwa, Chinese ambassador to Cairo; Nie Cheng Bo, deputy managing director of FAW in Africa; and Mahmoud Al-Sharif, a member of the Egyptian House of Representatives.
Geyushi expressed his delight over the agreement, saying, "we are delighted to cooperate with FAW, one of the world's largest companies. It is owned by the Chinese government and has an annual production capacity of about 3 million vehicles." Under this cooperation, Geyushi Motors will become the exclusive agent of FAW in Egypt and will assemble the Chinese car locally to export it to Africa and the Middle East.
"This partnership is an important milestone for us. A FAW plant will be established in Egypt, through which the company will be transformed from a dealer and agent to an automotive assembly factory," said Geyushi. He added, "we have conducted comprehensive feasibility studies to evaluate this huge investment in the Egyptian market."
On this occasion, six new models of the Chinese FAW have been launched addressing most of the Egyptian market's customers. They included B50, B30, and X40 models.
The following models for heavy transport vehicles include the CA4181P2K2EA80, CA4258P2K2T1EA80, and the CA3256P2K2T1EA80.
Geyushi Motors has also set up two after-sale and maintenance centres in the Katameya area to promote a professional image and achieve increased efficiency.
Wang Zeitian stated, "Egypt is the jewel of Africa and has excellent political, economic, and legal systems, and these features help the FAW Group to develop its international trade."
He added, "we have been able to build confidence and participate in the development of the Egyptian market. We also believe that Geyushi Motors is the ideal partner for the FAW Group as it helped us to enter the Egyptian market. We are confident that Geyushi will do its best to promote the vehicles of FAW Group in the Egyptian market."
Zeitian went on to say that "under this agreement, the FAW Group will start a new phase in Egypt, as we will focus on introducing modern cars with the best international standards."
He affirmed his company's keenness to meet the requirements of the Egyptian market as well as to contribute to the development of the car market in particular and the local economy in Egypt in general.
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