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A Success Story from Morocco.
Morocco has proved that success is possible for even a small country competing against industrial giants, provided it has leaders with focus, commitment and dedication.
Morocco overtook China, Japan and India to become the largest exporter of cars to Europe.
France, Spain and Italy are Morocco’s largest auto export markets.
Morocco generated $13.7 billion from car exports in 2023.
Morocco has the capacity to produce 1 million cars yearly. In addition to established companies like Renault and Peugeot, Chinese company BYD and German automobile major Volkswagen have established automobile manufacturing units in Morocco.
Strategic location, availability of cheap labour and raw materials have made Morocco an EV manufacturing hub.
