
Morocco's First Homegrown Automaker Neo Motors Begins Selling Vehicles
It is now effective. Neo Motors , the first automotive manufacturer with Moroccan capital, has launched the marketing of its first "made in Morocco" vehicles.

It is now effective. Neo Motors , the first automotive manufacturer with Moroccan capital, has launched the marketing of its first "made in Morocco" vehicles.

The Moroccan automotive sector has experienced strong growth in its exports, reaching nearly 116.38 billion dirhams (MMDH) at the end of October 2023, according to the latest data from the Foreign Exchange Office.

In search of financing to launch its vehicle production, the Moroccan automaker Neo Motors plans to list on the Casablanca Stock Exchange.

The production of metals necessary for the manufacture of batteries or motors for electric cars requires a lot of water. A resource that is becoming increasingly scarce in countries like Morocco, already hit by severe drought.

An investigation reveals the significant pollution of certain Moroccan villages where mining residues are discharged. BMW, Renault and Managem, a large Moroccan mining company, are being pointed out.

The Italian manufacturer Fiat has just revealed the interior of its Multipla SUV, which will be assembled at the Stellantis plant in Kenitra, Morocco. This new model will replace both the Tipo and the 500X.

The Tax Agency and the Civil Guard intercepted 15 high-end vehicles stolen in Europe and in transit to Morocco at the port of Algeciras.

According to recent statistics from the Association of Vehicle Importers in Morocco (AIVAM), new car sales in Morocco declined by 2.83%, reaching 130,214 units during the first ten months of 2023. However, premium vehicle sales are not affected by the crisis.

Morocco is now Renault’s tenth largest global market and the first in the entire Middle East and North Africa (MENA) region in terms of sales, with 44,497 vehicles sold in the first nine months of 2023.

The new Kardian, the first of the eight production models unveiled on Wednesday during the announcement of Renault’s "International game plan 2027" in Rio de Janeiro, Brazil, will be partially manufactured in Morocco, "the second largest production country for the brand worldwide."

Renault aims to launch eight new hybrid and electric (E-Tech) models by 2027 and to double the net profit per unit sold outside Europe, particularly in Morocco.

The Civil Guard seized 24 stolen vehicles from various European countries at the port of Tarifa as they were about to be shipped to Morocco. In total, 13 people were arrested.