Reported 12 months ago
Chinese companies are looking to invest in Morocco as a way to access US electric vehicle subsidies following new regulations aiming to boost domestic EV manufacturing. Chinese manufacturers are eyeing Morocco as a strategic location to establish factories and produce EV parts that may qualify for subsidies in the US market. This move comes as Chinese firms seek to navigate eligibility rules set by the Biden administration, which limit sourcing from manufacturers with ties to US adversaries. The investments in Morocco signal a shift in the global electric vehicle supply chain landscape, as China, the US, and Europe compete for market dominance and investment opportunities.
Source: YAHOO