October 16, 2012 by Joey Wang
Ghabbour Auto (GB Auto) motors inaugurated a new facility to assemble Chinese cars Geely, the company announced in a ceremony on Sunday. GB auto, Egypt’s only listed car manufacturer, announced in February that it signed an agreement with Geely Automobile to begin distributing Geely cars in North Africa.
February 23, 2012 by Tycho de Feijter
Economic growth is slowing in China and Western markets are a tough sell, so Geely is turning to emerging markets and most recently to Egypt.
Geely and an Egyptian car-assembly company said Wednesday they plan to start assembling Geely cars this year for sale across North Africa. The Chinese auto maker and Egypt’s GB Auto SAE plan to produce up to 30,000 cars annually in a few years and eventually hit 50,000 cars a year, a person close to Geely said.