Moroccan officials have said that Chinese automotive battery manufacturers Hailiang and Shinzoom will build two separate plants in the country, Reuters reports.
It comes as Morocco sees a growing automotive sector due to greater demand for electric vehicles.
Earlier this year its industry and trade minister Ryad Mezzour said the government is in talks to attract more electric battery makers, this according to reporting by Just Auto.
Marsa Maroc reported a net profit of over $130 million in 2024, an increase of 49% over the previous year.
In recent years, Morocco has established itself as a leading manufacturing hub in Africa, particularly in the automotive and aerospace
British consultancy firm Z/YEN and the China Development Institute (CDI) have ranked Casablanca 56th globally in their latest Global
Morocco has signed a $422 million investment deal with Chinese textile giant Sunrise Group to boost the kingdom’s garment
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