Avatr signs distribution agreement in Egypt
Kasrawy Group, established some 40 years ago, is one of Egypt's leading automotive companies, with distribution and sales operations for a number of major overseas brands including Toyota, Nissan, Kia, Renault, Citroën, JAC, and AITO, as well as representing Audi and Jaguar Land Rover. The group accounted for an estimated 20% of the Egyptian vehicle market last year, according to reports.
The deal with Kasrawy marks Avatr's entry into the African automotive market, as part of its ambitious overseas expansion strategy. Parent company Changan Automobile already has a presence in the country and is currently building a local assembly plant near Cairo.
Avatr, which has Chinese battery manufacturer CATL and technology company Huawei as its strategic partners, recently launched sales operations in the United Arab Emirates, Qatar, and Jordan, and is expected to sign further distribution deals in the Middle East and Africa in the next six months.
The company plans to establish sales outlets and officially launch the brand in Egypt within the next three months.
Avatr has four battery-powered models on the market at present, the 06, 07, 011 and its flagship 012, powered by CATL batteries and featuring Huawei's intelligent systems. The company has approximately 700 outlets in 200 cities in China and is present in 25 overseas markets, with a total of 55 sales outlets. It plans to have a presence in 50 overseas markets by the end of 2025 and enter Europe in 2026.
"Avatr signs distribution agreement in Egypt" was originally created and published by Just Auto, a GlobalData owned brand.
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