Rabat – King Mohammed VI received, on Saturday at Casablanca’s Royal Palace, chairman of Chinese group BYD Auto Industry Company Ltd, Wang Chuanfu, a leader in the field of integrated new energy solutions.
At the end of the audience, the Sovereign chaired the presentation ceremony of BYD’s electric transportation system project in Morocco.
The audience reflects the Sovereign’s willingness to transform Morocco into an attractive destination for major global investors. It also shows the King’s determination to encourage and diversify Morocco’s economic and trade partnerships.
Through a strategic partnership with China Morocco joins forces with a pioneer in the field of integrated new energy solutions and joins, for the first time in Africa, the electric transport sector, whose production will be destined for both the local and export markets.
The launch of this major project reinforces Morocco’s commitment to sustainable development, which is now a cornerstone of the Moroccan economic model and contributes to achieving the international commitments made by the Kingdom in terms of reducing carbon dioxide emissions from transportation.
BYD’s new project, which will employ 2,500 people, is one of the structuring projects launched under the impetus of King Mohammed VI that place Morocco on the path of economic emergence.
The audience took place in the presence of the King’s advisor, Fouad Ali El Himma, and minister of industry, investment, trade and digital economy, Moulay Hafid Elalamy.
BYD Auto Industry Company Ltd is engaged in IT industry mainly related to rechargeable battery business, handset and computer components and assembly services, as well as automobile business including traditional fuel-powered vehicles and new energy vehicles. BYD has nearly 220,000 employees and 30 industrial parks.