The Moroccan automotive industry has reached a record high in exports. At the end of last September, exports stood at 77.68 billion dirhams, their highest level during the same period over the past five years.
The American automotive supplier Lear is strengthening its activities in Morocco with the inauguration in Meknes of a new plant, the 16th in the kingdom.
Naguib Sawiris, Egyptian businessman, plans to invest $100 million in Morocco in the new technologies sector. His Orascom group is targeting the electric vehicle battery industry.
The automotive manufacturer Stellantis is seeking the help of the Spanish government to install one of the four electric vehicle production plants STLA. The manufacturer already has the support of Morocco to install one of these plants in the kingdom.
The Reborn Renault 4, which will be unveiled at the Paris Motor Show next week, has found its inspiration in Morocco.
The Indian company specializing in automotive interior plastic components, Motherson, has opened a new plant in Tangier. It will supply dashboards and door panels for passenger cars and light commercial vehicles.
New car sales in Morocco are still in the red. At the end of September, 120,905 units were sold, a decrease of 8.15% compared to the same period last year.
The Japanese automotive supplier Yazaki is strengthening its activities in Morocco with the inauguration in Kenitra of a new plant, the 4th in the kingdom and the 2nd in Kenitra.
Established in Morocco since 2017, the Japanese group Nippon Express has decided to expand its activities in order to take advantage of the kingdom’s reputation in the automotive industry.
Feu Vert, a network of automotive centers, will open a unit in Marrakech, in order to offer its expertise to people wishing to maintain and equip their vehicle under good conditions of price, quality and practicality.
The Moroccan company Spécial Acier et Traitements Thermiques (SATT) has just installed a new company equipped with state-of-the-art equipment in Kenitra. This high-tech plant has been designed to manage the heat treatment of aeronautical, automotive and mechanical parts.
In the next three years, Morocco intends to mobilize its efforts and resources to improve its production of electric cars, according to the Moroccan Minister of Industry and Trade, Ryad Mezzour.