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The Moroccan government is in talks to attract more electric battery manufacturers as it seeks to adapt its growing automotive sector to an increasing demand for electric vehicles, industry and trade minister Ryad Mezzour said.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.
“This is the first memorandum of understanding that we transformed into an investment agreement,” Mezzour said in an interview with Reuters. Negotiations are also ongoing with five other manufacturers to set up similar plants, he said without giving further details.
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