Investment minister witnesses signing of MoU between Mansour, China’s Tianneng to explore battery manufacturing

Minister of Investment and Foreign Trade Mohamed Farid witnessed on Wednesday, September 2, 2026, the signing of a Memorandum of Understanding (MoU) between Mansour Group and China’s Tianneng Battery Group Co Ltd to explore cooperation and investment opportunities in battery manufacturing and energy storage solutions in Egypt.

The MoU covers a study of opportunities to produce lead-acid batteries for automobiles, as well as lithium batteries for new energy vehicles, supporting Egypt’s drive to deepen local manufacturing, increase value-added production and strengthen export capacity.

The minister said lithium batteries and components for new energy vehicles were among the promising sectors under the State’s strategy to deepen local manufacturing, adding that proposed cooperation with Tianneng would enable Egypt to benefit from the company’s expertise and advanced technologies while supporting the localization of industries supplying new energy vehicles.

Egypt has strong competitive advantages for such projects, including its strategic geographic location, infrastructure, transportation and logistics networks, as well as the General Authority for the Suez Canal Economic Zone (SCZONE), Farid said.

All factors would help meet domestic market needs and expand exports, he added.

The minister further said the government was ready to provide support during the project study phase, including offering suitable industrial sites and expediting procedures for land allocation and preparation once a final site was selected.

Tianneng’s Vice President and head of the International Business Eric Xu outlined the group’s nearly 40 years of experience in battery manufacturing.

Its activities include automotive batteries, motors and mobility equipment, battery recycling and energy storage solutions, Eric said.

The group had multiple battery technologies, including lead-acid, lithium, sodium-ion and solid-state batteries. Tianneng is one of the world’s leading battery manufacturers and ranks first in China in lead-acid battery production.

Tianneng was keen on cooperating with Mansour Group and exploring investment opportunities in Egypt, citing the country’s market potential and regional location, according to Eric.

The company was currently evaluating possible sites for the project, identifying products to be manufactured locally and preparing a feasibility study, he said.

The signing ceremony was attended by Chairman of the SCZONE Mostafa Sheikhoun took part in the signing ceremony.

The meeting concluded with an agreement to continue coordination between Mansour Group, Tianneng and relevant government agencies to complete studies on the project and determine its location and target product portfolio, paving the way for implementation and helping localize battery manufacturing and boost Chinese investment in Egypt.

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