Lithium electric car batteries
Opportunity Brief
Lithium electric car batteries can be recharged multiple times over a relatively long period of time (between 5 and 10 years),
but they are non recyclable and disposable The use of electric batteries also eliminates everything related to the internal combustion
cycle in gasoline powered cars, which significantly reduces the cost of maintaining the car In contrast, the cost of replacing an electric
car battery represents approximately 40 45 of the price of the electric car Electric car batteries consist of aluminum foil, copper foil,
separators, aluminum oxide, nickel, and cobalt.
Local market
- Some Egyptian battery companies have started producing lithium electric batteries for Mini Golf cars, such as Chloride Egypt.
- The volume of lithium electric vehicle battery imports increased from 11 million in 2019 to 58 million in 2023.
- Domestic demand for electric vehicle batteries increased by approximately 85 between 2019 and 2023.
Investment opportunity enablers
- The state’s automotive strategy focuses on manufacturing electric cars in Egypt, which in turn encourages the manufacturing
or assembly of electric car batteries in Egypt, as they are the primary component of these cars. - Attracting investment in the construction of electric battery charging units is a powerful driver for citizens’ conversion to
electric vehicles, increasing demand for them and, consequently, increasing demand for electric car batteries.
Nominated industrial areas
- Suze Canal Economic zone (SC Zone).
- Industrial Zone in New 6 th of October City,
- Fayoum Industrial Zone.
Customs items for opportunity
Imports of the Arab Republic of Egypt ( in millions of dollars)
