Stellantis Group to develop its industrial system in Morocco
The Stellantis automotive Manufacturing Group has reinforced its presence in Morocco by developing its industrial system.
They signed an agreement on Thursday that enshrines mutual obligations on the growth of this industry in the Kingdom.
The agreement, which was signed today in Casablanca by the Minister of Industry, Trade, Green and Digital Economy and the Group’s Chief Executive for the Middle East and Africa region, aims to launch a new 100% electric car, develop the fabric of local suppliers, and increase the volume of purchases in Morocco to 2 billion euros in 2023, with the goal of reaching 3 billion euros in 2025.
It also intends to establish around 3,300 work opportunities for high-level engineers and technicians by 2022, in addition to the 2,500 positions already secured by the Kenitra facility.
The Agreement, which is part of the implementation of the Industrial Partnership signed in June 2015 under the effective leadership of His Majesty King Mohammed VI, aims to develop horizontal and in-depth domestic integration while increasing supply competitiveness in collaboration with the Kingdom, which will support investment efforts and ensure more competitive carbon-free energy.
Samir Cherfan, Stellantis’ Chief Executive Officer for the Middle East and Africa, said at the event “expressed his complete satisfaction at having completed this new strategic chapter in our cooperation with the Kingdom Having achieved the objectives established in 2015, this new agreement aims to accelerate the growth of Morocco’s automotive sector by contributing to the creation of Moroccan labor and aiming for the greatest worldwide competitiveness.”
The signature of this new amendment, according to Kenza Alaoui, the Director of the Automotive Industry of the Ministry of Industry, Trade, Green and Digital Economy, is a “strategic” move.
She also underlined the objective of decarbonization, stating that Stellantis and its suppliers will build vehicles in factories that use green, carbon-free energy.
The Stellantis Group has announced that manufacturing of the Opel Rocks-e, a new electric vehicle that responds to the evolution of mobility demands, as well as the Citroen AMI, will take place at its plant in Kenitra, Morocco.