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Morocco Sets Its Sights on Japanese and Korean Investors

Morocco is intensifying efforts to solidify its position as a prime investment destination by targeting key Asian markets. From November 25 to 29, Karim Zidane, Morocco’s Minister of Investment, is leading a delegation to Japan and South Korea to attract foreign investment and foster economic collaboration. This......

Morocco: A New Hub for China’s Green Mobility Ambitions

In recent years, Morocco has increasingly emerged as a key destination for global automotive and electric mobility players. The recent move by LeapMotor, a major Chinese electric vehicle manufacturer, further solidifies the kingdom's strategic role in the energy transition and green industrialization,......

SOMACA Begins Production of Renault Kardian for Domestic and Export Markets

SOMACA's historic factory in Casablanca marked the commencement of Renault Kardian production on Friday, in the presence of Minister of Industry and Commerce, Ryad Mezzour. This new compact SUV, aimed at both the local market and export to around fifteen countries, will be available in Morocco from......

Former BMW Executive Appointed to Spearhead Morocco's Investment Strategy

In a significant move to enhance Morocco's economic landscape, King Mohammed VI has appointed Karim Zidane as Minister Delegate for Investment, Convergence, and the Evaluation of Public Policies (MICEPP), marking a strategic shift in the nation's approach to investment and governance. Zidane,......

EIB Strengthens Morocco Partnership with €1 Billion Post-Earthquake Recovery Investment

The European Investment Bank (EIB) has strengthened its long-standing partnership with Morocco by providing a significant €1 billion loan package. This marks a notable expansion of the EIB's nearly €10 billion investment in the country since 1979. EIB Vice President Ioannis Tsakiris outlined......

Mercedes Unveils Europe's Most Advanced Battery Recycling Facility with 96% Recovery Rate

Mercedes-Benz has inaugurated Europe's first integrated mechanical-hydrometallurgical battery recycling facility in Kuppenheim, Germany, marking a significant advancement in sustainable automotive manufacturing. This multi-million euro investment establishes a closed-loop battery recycling system,......

Stellantis Shifts Gears: Morocco's Automotive Boom Raises Questions for European Manufacturing

The automotive industry landscape is undergoing a significant transformation as Stellantis, the multinational automotive manufacturing corporation, ramps up production in Morocco while scaling back operations in Italy. This strategic move has sparked concerns among industry experts and local officials......

Paris Motor Show 2024: A New Era for Eco-Friendly Mobility

The Paris Motor Show 2024, taking place from October 17 to 22, serves as a dynamic showcase for the latest in automotive innovation and sustainability. This year, car manufacturers are unveiling an impressive lineup of electric vehicles (EVs) and cutting-edge technologies, demonstrating that the transition......

Stellantis CEO Highlights Morocco’s Rising Threat to Spanish Auto Factories

Morocco aims to increase its vehicle production to one million units per year by 2025, up from the current 700,000, as part of its ambitious automotive industry growth strategy. During a recent media briefing at the 2024 Paris Motor Show, Carlos Tavares, CEO of Stellantis, praised the performance of......