1st Egyptian-made BYD model rolls off production line

After four years of cooperation with a local automaker, China's carmaker BYD launched its first Egyptian-made plug-in hybrid F3 on December 13.

Li Zhuhang, general manager of the export trade division with BYD said the launch of the F3 model signals the company foray into the Egyptian auto market and it is a springboard to expand its market into East Asia and Africa.

Chinese Ambassador to Egypt Wu Chunhua said BYD's advantage of producing vehicles and auto parts can help the company expand in the Egyptian market and its neighboring countries.

The Chinese battery and electric car manufacturer plans to set up 40 overseas plants by 2025, according to its overseas strategy.

Agencies and Shi Jierui contributed to this story