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Keywords: Automotive Industry
Morocco's export sector is undergoing a renaissance, driven by growth in key industries like automotive, aerospace, and electronics. This upward trajectory, along with declining imports, has narrowed the country's trade deficit, providing a significant boost to its economy. Data from the Moroccan......
In a remarkable success story, Morocco has firmly established itself as a regional leader in the automotive industry, driven by sustained growth and an unwavering commitment to excellence. With more than 250 suppliers and equipment manufacturers, Morocco's automotive ecosystem has proven its resilience,......
In recent years, the automotive industry has emerged as a driving force behind Morocco's economic growth. Within a relatively short span, the sector has transformed into the nation's foremost industrial domain, attracting numerous foreign industry leaders specializing in the manufacturing of......
For quite some time, microcars lingered on the periphery of the automotive landscape, often lacking a positive association. Traditionally, manufacturers like Ligier, Aixam, and Chatenet dominated this niche market with small, license-free cars fueled by diesel. However, recent years have witnessed a......
In a strategic move aimed at cementing its status as a global powerhouse in the electric vehicle (EV) market, Hyundai Motor Company has unveiled an ambitious $50 billion investment plan for its operations in South Korea. The Korean automotive giant, which encompasses the Kia brand, seeks to ascend into......
Morocco's automotive industry is experiencing rapid acceleration, evidenced by a remarkable 27% surge in exports in 2023, reaching $13.9 billion, as reported by the nation's foreign trade regulator. The North African kingdom has firmly established itself as a continental leader in car manufacturing,......
In a momentous ceremony held on Tuesday, January 23rd, the Renault Arkana secured the prestigious title of Car of the Year (COTY) for 2024 in Morocco. This triumph marked the 5th edition of the competition, where the sleek SUV emerged as the frontrunner in a highly competitive field. Amongst a distinguished......
Morocco's automotive industry has experienced significant growth in recent decades, marked by impressive achievements in exports and job creation. Over the past ten years, double-digit average growth in both these key indicators has propelled the sector to an annual revenue exceeding 85 billion dirhams,......
Morocco's trade deficit witnessed a substantial reduction during the first 11 months of 2022, decreasing by 21.5 billion Moroccan dirhams (DH) compared to the same period last year, according to the country's Foreign Exchange Office. In the midst of global economic challenges, exports demonstrated......
