As an integral part of the Hanover-based Continental AG company, the German group ContiTech, a specialist in automotive air conditioning (HVAC) systems, has decided to liquidate its subsidiary created in 2014 in Morocco.
Morocco ranks 11th globally as a customer of the Renault Group and the leading customer in the Africa/Middle East region, where the French automaker’s sales recorded a 14.1% increase compared to the same period in 2022.
In the United States, a clean energy and climate bill approved by the Senate provides for a tax credit of up to $7,500 for the purchase of an electric vehicle made in the United States. This measure will make lithium produced in Morocco, Israel, Jordan and many other countries more competitive.
Morocco will soon have two vehicle battery manufacturing plants. The projects are estimated at 6 billion euros and 4 billion euros, Ryad Mezzour, the Moroccan Minister of Industry and Commerce, announced this week.
The American automotive supplier Commercial Vehicle Group (CVG) has chosen Morocco for its first headquarters in Africa. It will open a factory there that will act as a hub with its other manufacturing sites for electrical systems.
The Korean group LG Energy Solution, the world’s second largest producer of batteries for electric vehicles, has decided to set up in Morocco to produce lithium hydroxide.
Renault Group Maroc has exceeded its local integration and local sourcing targets ahead of schedule, surpassing the commitments of the Renault ecosystem. Indeed, with a local integration rate , excluding mechanics, reaching 65.2% in 2022 for a target of 65% in 2023, and a local sourcing turnover of 1.86 billion euros in 2022, an increase of 40% compared to 2021, the automotive group is posting exceptional performance.
Morocco’s automotive exports reached 21.6 billion dirhams (1.9 billion euros) at the end of February, an increase of nearly 50% (40.5%) compared to the same period in 2022.
Morocco is working to become an attractive sales market for electric vehicles. The Inter-Sectoral Professional Association for Electric Mobility (APIME) made up of companies in the electricity and automotive sectors will install 2,500 new charging stations by 2026.
The Halton Regional Police have managed to recover 24 vehicles, including a Rolls Royce worth $500,000, stolen in Canada and destined for Dubai, following the dismantling of a vast international car theft network.
The Franco-Moroccan manufacturer NamX, led by Moroccan Faouzi Annajah, in collaboration with the Italian coachbuilder Pininfarina, presented in Italy last May the NamX HUV, a futuristic vehicle with a main tank and six interchangeable hydrogen tanks.
Denis Le Vot, CEO of Dacia, accompanied by Ryad Mezzour, Minister of Industry and Trade, and Mohamed Bachiri, CEO of Renault Group Maroc, announced, this Friday, March 17, during a ceremony, the launch of the production of the first hybrid model of the Romanian brand, the Dacia Jogger, in the Renault plant in Tangier, starting in the second quarter of 2024.