Home / Auto / Automotive: BYD returns in the race

Automotive: BYD returns in the race

BYD returns to the radars. After a long period of silence, the Chinese manufacturer’s electric vehicle manufacturing plant project resurfaced at the 6th edition of Tangier-Med’s Automotive Meetings. And Moulay Hafid Elalamy, Minister of Trade and Industry in person who announced it in preview. “BYD is on the way,” said the minister, adding that details of his arrival will be released in due course.

This third manufacturer will allow Morocco to fill and expand the automotive sector by completing the duo composed by Renault and PSA which combine to both a production capacity of 700,000 units. BYD plans, according to the initial scheme, to build a factory for electric cars to which would be added a second for electric buses. The 3rd would be specialized in batteries and whose entry into service is planned for 2025. At this date, Morocco provides, according to the forecasts presented by the Minister, to cross the milestone of one million units produced.

Check Also

FDI: Morocco 9th in the MENA region and Africa by fDi Intelligence

According to the FDI Report 2020 by FDI Intelligence (specialist service from the Financial Times, …

Leave a Reply