1998 - Ongoing

Speranza 

Information about Speranza 

Speranza Motors, an emblem of the Egyptian automotive landscape, tells a tale of transformation and perseverance. Founded in the early 1980s in Cairo’s Maadi district, the company initially carved its niche as an importer of Japanese cars. The transition from importer to manufacturer marked a pivotal moment for Speranza, beginning with the assembly of Daewoo vehicles in 1998 under the umbrella of Daewoo Motor Egypt, part of the Aboul Fotouh Group.

The real stride in Speranza’s manufacturing journey began in 2006 when it started assembling vehicles from the Chinese brand Chery. This collaboration not only expanded its manufacturing capabilities but also rebranded these vehicles under the Speranza name, symbolizing hope and new beginnings for the brand.

Today, Speranza’s facility, strategically placed in the 6th of October City, continues to play a significant role in Egypt’s auto manufacturing sector. Despite facing challenges typical of the industry, including competition and market dynamics, Speranza Motors remains a noteworthy player, demonstrating resilience and adaptability in a rapidly evolving automotive world.

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