Speranza Motors, Ltd is an Egyptian auto manufacturer based in Maadi, Cairo.Report about Speranza Motors, CNN, 23 November 2009. It is a part of the Daewoo Motor Egypt (DME) which itself belongs to the Aboul Fotouh Group. The factory is located in the 6th of October City.Company Profile, Speranza Egypt, Retrieved 2011-10-11
The company started in the early 1980s as an importer of Japanese cars. The assembly plant started its activities with the SKD manufacturing of Daewoo vehicles in 1998. Since 2006 the company is assembling vehicles of the Chinese brand Chery. The cars were marketed under the Speranza brand. Since 2016, the Chery brand is used instead.
References
External links Speranza Motors website Aboul Fotouh Group website