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Morocco to accelerate transition to EV manufacturing 

The long-term prospects for auto manufacturing in the country will hinge on an effective transition into the manufacturing of electric cars.

Cars queue before embarking on ferries bound for Tangier at the Algeciras port on July 27, 2019. - Thousands of Moroccan nationals working and living in Europe pass through the Strait of Gibraltar as they return to spend summer holidays in Morocco. (Photo by JORGE GUERRERO / AFP) (Photo credit should read JORGE GUERRERO/AFP via Getty Images)
To:

Al-Monitor Pro Members

From:

Francisco Serrano

Journalist and analyst specialized in North Africa

Date:

June 7, 2023

Bottom Line:

On May 15, Morocco launched its first-ever domestic car brand, Neo Motors. The development stems from a robust car manufacturing base that the kingdom has worked on establishing over the past two decades in partnership with global brands such as Renault and Stellantis. In 2022, sector exports rose by 33% year-on-year to Dh111.3 billion ($10.9 billion). But the long-term prospects for auto manufacturing in the country will hinge on an effective transition into the manufacturing of electric cars. Most companies have so far shied away from setting up shop in Morocco due to the absence of a dedicated electric car component industry, but a memorandum of understanding signed with Chinese electric-car battery manufacturer Gotion High Tech this week could change the lead if the investment fully materializes. 

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