article thumbnail

Morocco expects more EV battery investments, minister says – ET Auto

Baua Electric

The automotive sector tops Morocco’s industrial exports at USD 14 billion in 2023, up 27%. Morocco is home to production plants by Stellantis and Renault with an annual combined production capacity of 700,000 cars as well as a cluster of local suppliers. billion in eventual investment.

Morocco 52
article thumbnail

Renault Group and Managem Group sign agreement for sustainable supply of Moroccan cobalt

Green Car Congress

After an engineering study, Managem Group plans to invest in the construction of a factory located within the Guemassa industrial complex, Morocco in order to transform cobalt ore into cobalt sulfate. billion from 2025 and a target of €3 billion.

Supplies 225
article thumbnail

Could the next James Bond be driving an EV powered by Lucid Motors?

Baua Electric

Following an existing supply agreement with Aston Martin , Lucid Motors’ CEO and CTO Peter Rawlinson hinted that James Bond’s next vehicle could be 100% electric. Would that sort of acceleration even be fair to the cronies chasing him through the streets of Morocco or the Furka Pass is Switzerland? What do you think?

article thumbnail

ZF signs multi-year supply agreement with STMicroelectronics for silicon carbide devices for new inverters

Green Car Congress

ST will manufacture the silicon carbide chips at its production fabs in Italy and Singapore with packaging of the chips into STPAK, an ST-developed advanced package, and testing at its back-end facilities in Morocco and China. The inverter manages the flow of energy in electric drivetrains from battery to e-motor and vice versa.

Supplies 186
article thumbnail

Nissan to test African demand for its e-Power hybrid vehicle – ET Auto

Baua Electric

Japanese carmaker Nissan Motor plans to introduce its e-power hybrid technology car in Tunisia, its Africa head said on Tuesday, as part of plans to test demand in the African market for electric vehicles. Nissan’s e-Power technology system includes a petrol engine with a power generator, inverter, battery and an electric motor.

Tunisia 52
article thumbnail

Stellantis Investors Fume Over CEO Pay Amid Job Cuts, Plant Closures, Supplier Strife

The Truth About Cars

However, Stellantis is also trying to shift EV assembly to places like Morocco due to their lower-than-average labor costs. General Motors has been trimming employment numbers for years and recently announced plans to abandon the iconic Renascence Center to set up shop within a smaller building.

Legal 116
article thumbnail

More than 50 percent of MoUs signed in Vibrant Gujarat are green | Autocar Professional

Baua Electric

Toshihiro Suzuki, President of Suzuki Motor Corp, who was present at the Vibrant Gujarat Summit, said that the Indian automotive market has been expanding steadily to become the third largest automobile market. Tata Motors currently has signed an MoU with the Gujarat government to establish a lithium-ion cell factory.

Green 52