Casablanca, Dec 11 : Chinese electric-car manufacturer BYD has signed an agreement to open a factory near the Moroccan city of Tangiers to build battery-powered vehicles, that would employ 2,500 people.
The agreement was inked on Saturday, when Morocco's King Mohammed VI received at Casablanca's Royal Palace the chairman of Chinese group BYD Auto Industry Company Ltd, Wang Chuanfu, a leader in the field of integrated new energy solutions.
The signing of the agreement is aimed to show the King's keenness to diversify the Kingdom's economic and trade partnerships, as demonstrated by the monarch's numerous visits to several countries, including China, MAP news agency said.
The battery-powered vehicles will be destined for both the local and export markets.
The launch of the project would take forward Morocco's commitment to sustainable development, and contribute to achieving the international commitments made by the Kingdom in terms of reducing carbon dioxide emissions from transportation.
The factory to build battery-powered passenger cars, buses and trucks, will come up on a 50-hectare site and will employ 2,500 people