Morocco announces $180M in automotive wiring investments

During the same event, U.S. supplier Lear said it will set up a plant for electric cables in Meknes totalling $20.6 million and a new terminals and connectors plant in Tangier for $28 million.

Germany’s Stahlschmidt said it will launch a plant making cables and locking systems in Tangier for $11 million.

TE connectivity said it will set up a connectors molding and assembly plant worth $20.8 million in Tangier.

The automotive ecosystem topped Morocco’s exports for the last seven years with sales totaling $8.6 billion in 2021, up 16 percent from a year earlier.

Morocco is home to production plants from French automaker Renault and brands from rival Stellantis.

Morocco’s total car exports were 358,745 vehicles in 2021, up 18 percent from 2020.

Morocco plans to increase its car production capacity to 1 million vehicles annually, from 700,000 currently, which includes 40,000 EVs, said Mezzour.

Locally made parts now represent 63 percent of Morocco-exported cars, he said.

Global automakers have had to slow or stop some production due to the unavailability of wiring harnesses from Ukrainian suppliers since the beginning of the war with Russia.