Morocco is reconquering the Chinese market. Of the 1.32 billion international tourists expected in 2030, the year the kingdom will co-host the 2030 World Cup alongside Spain and Portugal, nearly 19% are expected to come from China.
The project to build a battery manufacturing plant for electric vehicles by the Chinese giant Gotion high tech in Atlantic Free Zone, the free zone of the city of Kenitra dedicated to the automotive sector, will make Morocco the leader in electric mobility in the Middle East and Africa region.
China’s massive investments in Morocco are causing concern for the Algerian president, who has sent his Minister of Foreign Affairs, Ahmed Attaf, on an official visit to Beijing.
Moroccans are concerned about the Temu app, the Chinese giant of e-commerce, established in the Moroccan market since April 2.
Chinese and African companies would be involved in a vast fraud operation orchestrated in Morocco by importers. The latter imported fabrics from China, manipulating their declarations filed with the Customs and Indirect Taxes Administration.
Thanks to its strategic geographical position with Europe, its wealth of minerals essential for battery production and its renewable energy sources, Morocco seems to have all the assets to become the leader in electric vehicles in Africa and even in Europe.
Morocco continues to consolidate its position as the largest automotive production center in Africa. But will it be able to take up the challenge of competitive electric vehicles against the United States, China and France, which are ahead on this project?
Chinese giants in the automotive battery industry are set to implement two major industrial projects in the Mohammed VI Tanger Tech City. Agreements have been signed to this effect at the Bank Of Africa headquarters in Casablanca.
Faced with the inaction of the Ministry of Foreign Affairs, African Cooperation and Moroccans Residing Abroad and the Moroccan embassy, the families of the victims of torture in Myanmar (Burma) announce the organization of a sit-in in front of Nasser Bourita’s department and the embassy of the People’s Republic of China, and the holding of a press conference in Rabat at the headquarters of the Moroccan Association of Human Rights.
Due to geopolitical tensions between the United States and China, Zhejiang Hailiang Co., a major Chinese producer of copper tubes and rods, is turning to Morocco to build a factory with an investment cost of $288 million (about 2.8 billion DH).
The Chinese automotive brand Lynk & Co is conquering the Moroccan market. In Marrakech, it has partnered with LK Automotive Maroc, the new entity affiliated with AEK Holding.
Morocco, one of the world’s leading phosphate producers, could greatly benefit from the decline in exports from China and Russia to dominate the European phosphate fertilizer (DAP) market.