Casablanca Dec 11 (IANS) Chinese electric-car manufacturer BYD has signed an agreement to open a factory near the Moroccan city of Tangiers to build battery-powered vehicles that would employ 2 500 people.
The agreement was inked on Saturday when Morocco s King Mohammed VI received at Casablanca s Royal Palace the chairman of Chinese group BYD Auto Industry Company Ltd Wang Chuanfu a leader in the field of integrated new energy solutions.
The signing of the agreement is aimed to show the King s keenness to diversify the Kingdom s economic and trade partnerships as demonstrated by the monarch s numerous visits to several countries including China MAP news agency said.
The battery-powered vehicles will be destined for both the local and export markets.
The launch of the project would take forward Morocco s commitment to sustainable development and contribute to achieving the international commitments made by the Kingdom in terms of reducing carbon dioxide emissions from transportation.
The factory to build battery-powered passenger cars buses and trucks will come up on a 50-hectare site and will employ 2 500 people.
--IANS
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