Egypt’s remittances hit $23.7bn in 10M 2024, marking 45.3% growth
The Central Bank of Egypt (CBE) reported that remittances from Egyptians working abroad reached $23.7bn during the period from January to October 2024, representing a 45.3% increase compared to $16.3bn during the same period in 2023. This significant growth is
Egypt’s ready-made garment exports jump 17% to $2.27bn in 10M 2024
Exports of Egyptian ready-made garments surged to $2.27bn from January to October 2024, a 17% increase compared to $1.94bn during the same period in 2023, according to Fadil Marzouk, Chairperson of the Apparel Export Council of Egypt. Marzouk attributed this
Mining firm Fortescue orders $400 million worth of electric mining equipment from China’s XCMG
Australian mining company Fortescue has placed a $400-million order with Chinese heavy equipment maker XCMG (Xuzhou Construction Machinery Group). The sale, which includes over 100 pieces of electric equipment,
Nio completes 60 million EV battery swaps in China
Chinese electric vehicle manufacturer Nio has surpassed 60 million battery swaps in its home market, only four months after it passed the 50 million mark.
The post Nio completes
Tesla loses HW chief to Amazon and Cybertruck might go to China after all
On today’s prime time episode of Quick Charge, Amazon is taking on Tesla with the launch of an online car shopping tool AND by snagging Elon’s longtime head of Autopilot hardware development. Tesla isn’t taking the news
XPeng’s regulatory filings share plans for facelifts to its G6 and G9 EVs, each abandoning LiDAR
According to regulatory filings in China, EV automaker XPeng Motors is planning upgrades to at least two current models. The filings detail facelifts to the XPeng G6 and G9 SUVs and hint at the automaker’s strategy of
Average price of new electric cars jumps in Germany, falls in China
EV prices in Germany rose 7.5 pct on average in 2024 - driven by bigger jumps at the top end. But in China, EV prices fell
G.M.’s Ailing China Business Will Deal It a $5 Billion Blow
General Motors and other foreign automakers are selling fewer cars and losing lots of money in China, where domestic electric and hybrid cars have taken off.
Chinese well drilling firm helps turn Egypt’s desert into green farmland
As a giant sugar beet harvester powered through the vast farmland in the desert west of Minya province in southern Egypt, dozens of trucks were busy loading the harvested beets and transporting them to a processing factory about 40 km
XPENG Sales Soar 54%
All the talk of declining EV sales has gotten quite humorous. In most markets, electric vehicles are growing strong, and some automakers are seeing strongly growing or even soaring sales. One of those companies is XPENG, which is logging most