After Twitter Exit, Egyptian Billionaire Investor, Mohamed Mansour, Plans EV Push
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Egyptian billionaire Mohamed Mansour plans to produce 15,000 electric vehicles in Egypt over the next three to five years.
Egyptian billionaire Mohamed Mansour said he's cut his investments in social media including stakes in Twitter and Meta Platforms Inc. while boosting his involvement in green projects, like building electric cars for the Middle East's most populous country.Mansour, whose family's wealth is valued at $6.8 billion, according to the Bloomberg Billionaires Index, plans to produce 15,000 electric vehicles in Egypt over the next three to five years through his company Al-Mansour Automotive, which has a long-running partnership with General Motors Co. It also plans to import and market five models of Cadillac EVs by 2025. “I feel it's going to be a big success,” ...