2024-09-10 22:36:02
With a turnover of more than 15.1 billion euros, Morocco has surpassed the 13.6 billion euros generated by China, according to the Moroccan Foreign Exchange Office and the European Automobile Manufacturers Association (ACEA). Even if China remains in the lead in terms of volume with nearly 782,000 vehicles exported, compared to 536,000 for Morocco.
Morocco’s success in the automotive sector is largely due to the presence of brands such as Dacia, a subsidiary of Renault, as well as Stellantis. Morocco benefits from several industrial hubs, notably in Tangier and Kenitra, where models such as the Sandero and the Citroën Ami are produced. Dacia assembles more vehicles in Morocco than in Romania, even if the models manufactured in Romania have a higher added value.
The Moroccan government aims to produce one million cars annually by 2025. Currently, the production capacity is 700,000 units, with a network of more than 230 suppliers and 220,000 jobs created in the sector. Between 2020 and 2023, automotive production in Morocco increased by 63%, consolidating its leading position in Africa, behind South Africa.
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Table of Contents
Morocco: The Leading Car Manufacturer in Africa
The automotive sector in Morocco has witnessed significant growth in recent years, solidifying the country’s position as the leading car manufacturer in Africa. With a turnover of over 15.1 billion euros, Morocco has surpassed China in terms of revenue generated, according to the Moroccan Foreign Exchange Office and the European Automobile Manufacturers Association (ACEA) [[ref]]. This achievement is largely attributed to the presence of prominent brands such as Dacia, a subsidiary of Renault, and Stellantis, which have established industrial hubs in Tangier and Kenitra.
Morocco’s success in the automotive sector can be traced back to the strategic investments made by French companies, including Renault-Nissan Alliance and PSA Group [[3]]. Moreover, Chinese investment in the sector, led by BYD, has also contributed to the country’s growth in the industry. The industry’s success is also attributed to the country’s favorable business environment, skilled workforce, and proximity to European markets.
The country’s ambition is to achieve an annual production of one million cars by 2025, with a local integration rate of 80% [[2]]. To achieve this goal, Morocco is working towards increasing its production capacity and attracting more foreign investment in the sector.
In 2023, Morocco’s car industry exports surged by 27%, reaching $13.9 billion [[2]]. This growth is a testament to the country’s commitment to developing its automotive sector and becoming a major player in the global industry.
The Moroccan government has implemented policies to support the growth of the automotive sector, including investment incentives, tax breaks, and training programs for workers. These initiatives have attracted numerous global automotive companies to set up manufacturing facilities in the country.
Morocco’s industrial hubs, such as Tangier and Kenitra, have become major production centers for cars, with models such as the Sandero and the Citroën Ami being produced in these facilities. The country’s strategic location, with proximity to European markets, has made it an attractive location for automotive companies looking to export vehicles to Europe and other parts of the world.
Morocco’s automotive sector has witnessed remarkable growth in recent years, solidifying the country’s position as the leading car manufacturer in Africa. With its favorable business environment, skilled workforce, and strategic location, Morocco is poised to continue its growth in the industry and become a major player in the global automotive market.
References:
<a href="https://en.wikipedia.org/wiki/Automotiveindustryin_Morocco”>[3]
Morocco automotive industry PDF
Morocco: The Leading Car Manufacturer in Africa
The automotive sector in Morocco has witnessed significant growth in recent years, solidifying the country’s position as the leading car manufacturer in Africa. With a turnover of over 15.1 billion euros, Morocco has surpassed China in terms of revenue generated, according to the Moroccan Foreign Exchange Office and the European Automobile Manufacturers Association (ACEA) [[ref]]. This achievement is largely attributed to the presence of prominent brands such as Dacia, a subsidiary of Renault, and Stellantis, which have established industrial hubs in Tangier and Kenitra.
Morocco’s success in the automotive sector can be traced back to the strategic investments made by French companies, including Renault-Nissan Alliance and PSA Group [[3]]. Moreover, Chinese investment in the sector, led by BYD, has also contributed to the country’s growth in the industry. The industry’s success is also attributed to the country’s favorable business environment, skilled workforce, and proximity to European markets.
The country’s ambition is to achieve an annual production of one million cars by 2025, with a local integration rate of 80% [[2]]. To achieve this goal, Morocco is working towards increasing its production capacity and attracting more foreign investment in the sector.
In 2023, Morocco’s car industry exports surged by 27%, reaching $13.9 billion [[2]]. This growth is a testament to the country’s commitment to developing its automotive sector and becoming a major player in the global industry.
The Moroccan government has implemented policies to support the growth of the automotive sector, including investment incentives, tax breaks, and training programs for workers. These initiatives have attracted numerous global automotive companies to set up manufacturing facilities in the country.
Morocco’s industrial hubs, such as Tangier and Kenitra, have become major production centers for cars, with models such as the Sandero
