Showing posts with label EV batterers. Show all posts
Showing posts with label EV batterers. Show all posts

Saturday, May 10, 2025

China Increases Manufacturing in Morocco to Take Advantage of Free Trade Agreements

 The New York Times published on 7 May 2025 an article titled "Why China Is Investing So Much Money in Moroccan Factories" by Patricia Cohen. 

China has been investing in a major way in the electric vehicle and battery production sector in Morocco.  The reason is simple.  Morocco has a free trade agreement with the EU, and this is a way to avoid high tariffs.  Morocco also has a free trade agreement with the United States, but the Trump administration has just placed a 10 percent tariff on goods from Morocco.  Nevertheless, this is a lower tariff than will likely be the case with most countries.