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Keywords: Industry
In a significant milestone for the electric vehicle (EV) industry, Chinese automaker BYD has overtaken its American rival Tesla in revenue for the year 2024. Reporting an impressive revenue of $107.2 billion, BYD has outpaced Tesla, which announced earnings of $97.7 billion. This pivotal moment marks......
Morocco has established itself as a crucial partner for Airbus, showcasing significant growth potential in the aerospace sector, according to Wouter Van Wersch, Executive Vice President International at Airbus. In a recent interview with MAP, held during the third Airbus summit on March 24-25 in Toulouse,......
The Spanish agricultural industry is anxiously awaiting the potential re-imposition of tariffs on olive oil by the Trump administration. This industry, particularly in Madridejos, Toledo, supports over 60 families and has been a pillar of the local economy for generations. Olive groves stretch across......
Morocco's automotive sector is experiencing remarkable growth, with ambitious production goals set to reach 2 million vehicles by 2030. This surge is accompanied by an increase in local integration and a strategic positioning on the global stage, particularly as the industry transitions towards electrification. The......
In a significant move for the North African automotive sector, BYD has launched its latest all-electric vehicle, the Seagull, in Morocco. This introduction marks the sixth model the company has rolled out since entering the Moroccan market in July 2023, following the HAN, TANG, ATTO 3, SEAL, and SEAL......
The Moroccan Ministry of Industry and Trade has initiated an anti-dumping investigation concerning galvanized steel wire imports from Egypt and the United Arab Emirates (UAE). The move follows complaints lodged by local companies, which argue that these imports are being sold at artificially low prices,......
Paraguay is actively studying the possibility of exporting live cattle to Morocco, as local producers seek to diversify their export markets. This initiative is part of a national strategy aimed at enhancing the presence of the South American country in new markets, according to the Paraguayan newspaperABC. Morocco......
The Moroccan government has decided to extend the pre-authorization system for copper exports until February 18, 2026, according to a circular issued by the Customs and Indirect Taxes Administration (ADII). This decision aims to strengthen oversight of the export of this strategic metal, continuing measures......
Morocco's footwear exports to Brazil have experienced an astounding surge, with sales spiking by 3,300% in February compared to the previous year. This remarkable growth positioned Morocco as one of the top 20 suppliers of shoes to the Latin American market, according to data from the Brazilian Footwear......
