🇲🇦🇨🇳 China's Xi visits Morocco after G20 Summit, holds talks with Crown Prince Moulay El Hassan
Chinese President Xi Jinping made a short visit to Morocco on Thursday and Xi was welcomed in Casablanca by Crown Prince Moulay El Hassan. Xi made the visit after being in Brazil for the G20 Summit.
China has stepped up investments in Morocco’s infrastructure and rail sector in recent years.
Morocco’s geographic location close to Europe, its free trade agreements with key EU and U.S. markets and its existing automotive industry, make it attractive to Chinese electric vehicle battery makers.
In June, Chinese EV battery manufacturer Gotion High Tech picked Morocco to set up Africa’s first gigafactory for a total cost of $1.3 billion.
#Morocco #China
@africaintel
Chinese President Xi Jinping made a short visit to Morocco on Thursday and Xi was welcomed in Casablanca by Crown Prince Moulay El Hassan. Xi made the visit after being in Brazil for the G20 Summit.
China has stepped up investments in Morocco’s infrastructure and rail sector in recent years.
Morocco’s geographic location close to Europe, its free trade agreements with key EU and U.S. markets and its existing automotive industry, make it attractive to Chinese electric vehicle battery makers.
In June, Chinese EV battery manufacturer Gotion High Tech picked Morocco to set up Africa’s first gigafactory for a total cost of $1.3 billion.
#Morocco #China
@africaintel