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Chinese electric car manufacturer BYD on Saturday 9th Dec signed an agreement to open a factory near the Moroccan city of Tangiers to build battery-powered vehicles.

BYD will become the third car manufacturer, after Renault and Peugeot of French, to construct cars in the North African state.

The memorandum of understanding was signed at the royal palace in the coastal city of Casablanca in the presence of King Mohammed VI and BYD's chairman, Wang Chuanfu, whose company is backed by US investor Warren Buffett through Berkshire Hathaway.

The factory in the new Mohammed VI Tangier Tech City, which is part of a project between China and Morocco, is to produce electric cars, buses and trucks at a 50-hectare site, where it expects to employ 2,500 people.

Morocco also aims to add a fourth major automaker plant before the end of 2021 and to have capacity to produce one million vehicles a year by 2025.At that level,Morocco would be ranked among the top 15 vehicle-producing nations in the world.

As for BYD’s CEO, he hopes to benefit from Morocco’s location as a gateway to Europe and the African market, adding that the first phase would produce passenger vehicles.

Source
https://autojosh.com/chinese-electric-carmaker-byd-open-car-factory-morocco-creates-2500-jobs/

The federal government of Nigerian need to reposition its economy in order to attract investors like BYD electric.

What do you think?

Cc Lalasticlala ,Mynd44

Automotive1:
The federal government of Nigerian need to reposition its economy in order to attract investors like BYD electric.

What do you think?

Cc Lalasticlala ,Mynd44

I think the federal government need to reposition its economy in order to feed the hungry Nigerians, enhance the standard living of Nigerian citizens by giving employment to them, then forget any idea of BYD electric, we fvckin don't need them.

make we dy drink our fuel

I will come and see

Why choose Morocco (a non English speaking country) over Nigeria that is the giant, has the largest and also a speaking country??

How this one take affect us for Nigeria and why is it on NL fp

merry Christmas everyone

Nice

Emeskhalifa:
Why choose Morocco (a non English speaking country) over Nigeria that is the giant, has the largest and also a speaking country??

1. China is also not an English-speaking country and has been spending a lot of money in training the students from many countries (including Morocco) to speak Chinese.

2. Nigeria is not the giant of Africa. Not in 2017.

3. Investors are not blind to the comboluciousness in Nigeria

No one would take such investment to a country that lacks Energy (as in power) and basic socio infrastructural facilities...

We patronize them alot

Someday my country Nigeria would drive home some of this innovation and economic developments



#iBelieve in Nigeria!

oil price will continue to go down

Automotive1:
The federal government of Nigerian need to reposition its economy in order to attract investors like BYD electric.

What do you think?

Cc Lalasticlala ,Mynd44

u think say our govt support this idea. when our main source of revenue na fuel. this is bad market to our govt.....diversification of our source of revenue is the key now before it will be too late.

One of the reasons I'm not at ease with Morocco joining Ecowas.

Electric car but no electricity, what a correlation? Though not in 9ja.

nigeria leaders wia r u

Our government is a bunch of scum.
Nigeria should have been a better destination for such massive project with regards to her labor, population.

Yet the so called "Giant of Africa" looks on as opportunities pass her by due to economic and political irregularities.

Shame on Buhari and his team of morons.

We will enjoy this and more when we put our place in order.

Emeskhalifa:
Why choose Morocco (a non English speaking country) over Nigeria that is the giant, has the largest and also a speaking country??

Because we presently have an environment that is extremely hostile to both local and foreign investors (poor infrastructure, no power, excess taxation, poor security, etc)

Emeskhalifa:
Why choose Morocco (a non English speaking country) over Nigeria that is the giant, has the largest and also a speaking country??

mumu. Nigeria has no electricity nd oda infrastructure. Giant my ass

Emeskhalifa:
Why choose Morocco (a non English speaking country) over Nigeria that is the giant, has the largest and also a speaking country??

No steady power supply in Nigeria.

byd kulikuli

chinawapz:
I will come and see

Me I Will cum.

we need it in Nigeria.....south south go drink their oil

Where and how will they be charging such electric car if they come to Nigeria with this erratic power supply. Na with generator they will be charging abi.

Emeskhalifa:
Why choose Morocco (a non English speaking country) over Nigeria that is the giant, has the largest and also a speaking country??

You mean ANT of Africa?


Nigeria can only be Giant of Africa in terms of Corruption and not development.

flyca:


1. China is also not an English-speaking country and has been spending a lot of money in training the students from many countries (including Morocco) to speak Chinese.

2. Nigeria is not the giant of Africa. Not in 2017.

3. Investors are not blind to the comboluciousness in Nigeria

just straight to the point. 20000 likes for U.

Investors perception of the Giant of Africa
https://guardian.ng/business-services/business/egypt-south-africa-get-samsung-manufacturing-plants-ahead-of-nigeria/

http://www.businessdailyafrica.com/corporate/Samsung-to-open-phone-and-TV-assembly-plant-in-Kenya/539550-1738928-ns8jka/index.html