The Chinese automotive brand Lynk & Co is conquering the Moroccan market. In Marrakech, it has partnered with LK Automotive Maroc, the new entity affiliated with AEK Holding.
The Moroccan automotive market is experiencing a slight slowdown at the beginning of 2024. According to figures from the Association of Automobile Importers in Morocco (AIVAM), 48,948 new units were registered during the first four months of the year, a decline of 0.71% compared to the same period in 2023.
In Morocco, an NGO is calling for the installation of GPS antennas on service vehicles assigned to certain civil servants in order to prevent their use for private purposes.
The Moroccan Ministry of Agriculture has decided to postpone its electric vehicle acquisition project due to the lack of charging stations in the kingdom.
From now on, importers and buyers of luxury vehicles in Morocco will have to pay the luxury tax, which will be calculated with the taxable VAT, confirmed the Directorate General of Taxes (DGI). As a result, the prices of high-end vehicles could skyrocket.
Saint-Gobain has announced the launch of negotiations with a view to ceasing the activity of its windshield plant in Avilés (Spain), which could lead to the elimination of 280 jobs and a move to Morocco .
In France, a defect has been detected on some units of the best-selling Peugeot car in Europe assembled in Morocco, leading to a massive recall.
The Civil Guard has dismantled a criminal network specialized in the sale of vehicles imported from Morocco that it passes off as vehicles from European Union countries. In total, 17 people have been arrested.
The Chinese group BYD, a global leader in electric vehicles, has just given up on its project to set up an electric battery factory in Tanger Tech. The reason is the slow sales of its electric buses in Morocco.
Morocco has taken an important step in the development of the electric automotive industry with the signing of an investment agreement for the construction of a cathode production plant .
The Chinese giant Gotion High-Tech will finally build its Moroccan factory for the manufacture of batteries for electric vehicles in Atlantic Free Zone, the free zone of the city of Kenitra dedicated to the automotive sector, rather than in the commune of Bouknadel, in the Rabat-Salé-Kenitra region.
The automotive manufacturer Stellantis is investing 300 million euros in the expansion of its first Moroccan plant inaugurated in Kénitra in 2019. This expansion will double its production capacity to 450,000 vehicles per year.