Helmy, Hamza & Partners, Baker McKenzie Cairo had advised Raya for Advanced Manufacturing ("Raya Auto") on its agreement with Guangzhou Xiaopeng Motors Trading Co Ltd ("XPeng Motors"), a Chinese electric vehicle (EV) manufacturer. Raya Auto, a distinguished subsidiary of Raya Holding specializing in the assembly and manufacturing of four, three and two-wheeled vehicles, is set to expand its offerings by importing, retailing and selling Xpeng Motor's electric vehicles in Egypt.
Commenting on the deal, Ghada ElEhwany, Partner and Head of the corporate and commercial practice at Baker McKenzie Cairo, said: "This strategic partnership marks a significant milestone for Raya Auto and XPeng Motors, aligning with the growing demand for sustainable transportation solutions in Egypt. Our team is honored to have played a role in facilitating this landmark agreement,."
Continuing on the journey towards a greener and more sustainable future, Raya Auto aims to leverage XPeng Motors' cutting-edge technologies and renowned products to cater to the evolving preferences of the Egyptian market.
The Helmy, Hamza & Partners, Baker McKenzie Cairo team provided counsel to Raya Auto in reviewing and negotiating the importer dealer agreement entered into between Raya Auto, Guangzhou Xiaopeng Motors Trading Co. Ltd., and Guangzhou Xiaopeng Motors Technology Co. Ltd. The team was led by partner Ghada ElEhwany and senior associate Heba Samy.