Shift EV Teams Up with Raya Auto to Boost Local Electric Vehicle Battery Production in Egypt

Raya Auto, a subsidiary of Raya Holding for Financial Investments and a key player in Egypt's e-mobility sector, has announced a strategic partnership with Shift EV, an electric mobility startup specializing in battery manufacturing and fleet electrification. Through this partnership, Shift EV will supply locally produced lithium-ion batteries to power Raya Auto’s light e-mobility products.

This collaboration between Raya Auto and Shift EV marks the first regional alliance focused on deeply localizing electric mobility technology as Egypt aims to expand its industrial base. Over the next few years, both companies plan to extend their partnership across a range of electric vehicle products.

"As a market leader, we are committed to providing premium e-mobility products and are always eager to deliver higher performance, quality, and functionality to our customers. Partnering with Shift EV as a technology partner for our products enables us to upgrade our premium products with lithium-ion batteries—proudly made in Egypt," said Mohamed Elnaggar, CEO of Raya Auto.

"Our mission is to electrify mobility, and partnering with Egypt’s largest e-mobility OEM is a strategic milestone for Shift EV. We are thrilled to form the first manufacturing alliance in MENA with innovation and full localization as a driving mission," stated Aly Eltayeb, co-founder and CEO of Shift EV.

Source: Al Alam Al Youm