• Shandong Yongsheng plans a tire factory with initial output of 6 million units
• Production could reach 12 million annually as local capacity develops
• Project builds on Morocco’s free trade deals with the EU and U.S.
Chinese automotive components firms continue to establish a presence in Morocco, capitalizing on the North African country's free trade agreements with the European Union and the United States.
Shandong Yongsheng Rubber, a Chinese auto components group, plans to construct a tire factory in Morocco, as reported by specialist website Tyrpress on May 29. The construction of this factory is expected to begin in six months, according to the application for setting up the factory submitted by the group, which manufactures the Tracmax and Road King tire brands.
Designed with an initial production capacity of 6 million tires per year, the factory is projected to gradually reach a production volume of 12 million units. As reported by Moroccan press, the factory is set to be installed in the specialized industrial zone of Kénitra Automotive City (Northwest). A delegation from the Chinese firm has already made two visits, in January and February, to the City of Trades and Skills (CMC) based in this area, in order to appraise the local potential in training and skilled labor.
A number of Chinese automotive suppliers and manufacturers of electric battery components, including Sentury Tire, Shandong Daye, Hunan Zhongke Shinzoom, and CNGR Advanced Material Company, have announced investments in Morocco in recent years. These groups are particularly seeking to leverage the free trade agreements signed by Morocco with the European Union (EU) and the United States.
Morocco, home to a significant automotive ecosystem comprising globally renowned manufacturers like Stellantis and Renault as well as hundreds of component suppliers, accounted for 58% of African vehicle exports in 2024.
BCEAO lowers main rate from 3.50% to 3.25% effective June 16, 2025 Inflation eased to 2.3% in...
• Funding resumes after 2023 suspension tied to Uganda’s anti-LGBT legislation• Three new projects a...
Wingu Africa raised $60 million from South Africa’s Rand Merchant Bank Funds will expand...
• Ghana aims to secure LBMA license to boost refinery access to global markets• Reforms include gold...
AfDB raised $3 billion in a two-part bond issuance in U.S. dollars. The deal included th...
• The World Bank approves $88.7 million for the “Excellence in Learning” education project• The program aims to improve access and quality of...
• Algeria sets goal to raise date export revenues to $250 million per year• New plan aims to expand exports from 57 to 150 countries• Challenges...
• South African academy WeThinkCode receives R35 million ($2 million) from Google.org• The program targets 12,000 youth in South Africa and Kenya,...
• RAM to acquire up to 50 Boeing 737 MAX jets, several 787 Dreamliners, and around 20 Airbus A220s• The plan supports the airline’s long-term strategy to...
Located in the Seychelles archipelago, over 1,100 kilometers southwest of Mahé, Aldabra is one of the largest coral atolls in the world. It is composed of...
Le Morne Brabant, a basaltic mountain rising 556 meters in the southwest of Mauritius, overlooks a landscape of striking natural beauty. More than a...