The Clap
GB Auto (AUTO) is set to launch its new car factory in El Sadat City during 2023.
The Deets
The factory is still in the works and is scheduled to start operating in 2023, however, it is difficult to have an exact launch date due to changing market conditions, according to Saad Habib, Senior VP of passenger cars sales.
New Factory
The production capacity of the factory will be 50,000 cars annually, and it will specialize in assembling several different car classes, whether they are private cars, microbus and light transport.
Why this Matters
The new factory is part of the company’s investment plan for the local market.
New GB Auto factory in 2023 🚗
