logo
Stellantis to Produce Fiat Giga Panda, Panda Fastback at Morocco's Kenitra Plant

Stellantis to Produce Fiat Giga Panda, Panda Fastback at Morocco's Kenitra Plant

Morocco World20-07-2025
Stellantis' Kenitra plant will produce two new Fiat models, including the Giga Panda and Panda Fastback, starting in 2026.
Automotive-focused news outlet Motori.it said that the company's strategy is clear, noting that the two models 'represent more than just a model.'
'Its official debut is expected in the coming months, with production set to begin in February 2026,' the report said, recalling Morocco's assets as a new industrial hub promising to 'reshape the game for the automotive group and, more broadly, the entire sector.'
Earlier this week, Moroccan officials and Stellantis celebrated the expansion of the Stellantis plant in Kenitra.
The €1.2 billion investment includes €702 million dedicated to developing local suppliers.
With the expansion, the company aims to double its production capacity, raising the local integration rate to 75% by 2030.
The expansion also aims to create 3,100 direct jobs, reinforcing Morocco's position as a key player in the automotive sector.
Morocco's automotive production stands at 700,000 vehicles, and by the end of the year, the North African country is expected to produce one million vehicles.
The approach also seeks to enhance electric vehicle production capacity by 53%.
Morocco's goal is to increase the production of electric vehicles to 107,000 electric vehicles by the end of this year.
The automotive sector is Morocco's first exporting industry, which created at least 116,000 jobs between 2014 and 2018.
Morocco is also the first automotive manufacturer in Africa. Tags: Automotive Sectorfiat modelsMoroccoStellantis
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Morocco Emerges as Major Hub for Foreign Industrial Investment
Morocco Emerges as Major Hub for Foreign Industrial Investment

Maroc

time12 hours ago

  • Maroc

Morocco Emerges as Major Hub for Foreign Industrial Investment

Morocco, under the Leadership of His Majesty King Mohammed VI, is establishing itself as a major hub for foreign industrial investment, particularly in the railway sector, said Jeong Hoon Kim, an executive at Korean conglomerate Hyundai Rotem. 'It is impressive to see Morocco's ability to steadily pursue a long-term development plan, thanks to the Leadership of His Majesty the King,' said Kim, head of rail solutions at Hyundai Rotem, in an interview with MAP on the occasion of the celebration of the Glorious Throne Day. Expressing admiration for the harmonious development of several sectors in Morocco over the past two decades, as well as the Kingdom's 'remarkable' resilience in the face of the COVID-19 pandemic, Kim said Morocco represents a strategic long-term market for Hyundai Rotem, offering numerous opportunities for industrial and technological partnerships. 'We have been following the Moroccan market for more than ten years, and the recent signing of our contract with the National Railways Office (ONCF) for the delivery of RER trains marks a concrete first milestone in our commitment,' he said, reaffirming the group's intention to be part of a sustainable cooperation dynamic. Kim also voiced interest in the Morocco Rail Plan 2040, which he described as an 'ambitious roadmap' for the expansion of the Kingdom's railway network, emphasizing Hyundai Rotem's desire to actively contribute to it. According to the Korean official, Morocco's political and economic stability is a key factor in attracting foreign investors, citing the example of Korean company Hands Corporation, which has established a car parts manufacturing plant in Morocco exclusively for the European market. 'This is a win-win cooperation model that we aim to replicate,' he said. Aware of Morocco's prioritization of renewable energies and its potential in green hydrogen, Kim said the sector represents a promising new area for cooperation. MAP: 28 July 2025

Saham Bank launches Saham Paiements to boost electronic payments in Morocco
Saham Bank launches Saham Paiements to boost electronic payments in Morocco

Ya Biladi

time15 hours ago

  • Ya Biladi

Saham Bank launches Saham Paiements to boost electronic payments in Morocco

Saham Bank has unveiled Saham Paiements, a new subsidiary dedicated to providing cutting-edge electronic payment solutions. This initiative is a strategic response to the burgeoning demand for digital payment methods and the evolving needs of Moroccan consumers. The subsidiary is set to cater to local merchants, small businesses, and larger retail chains with multiple locations. It offers state-of-the-art payment terminals, including fixed, portable, and e-commerce devices, as well as mobile payment options leveraging smartphone NFC technology. The comprehensive service package includes installation, training, and ongoing technical support for merchants. «With Saham Paiements, our goal is straightforward: to transform electronic payment collection into a seamless, secure, and efficient experience for all merchants», declared Asmae Hajjami, General Director of Saham Bank. Mohamed El Morabit, General Director of Saham Paiements, emphasized the company's commitment to offering «robust technology, personalized service, and reliability» to facilitate merchants' digital transition. Beyond merely providing technology, the subsidiary aims to be a catalyst for digital transformation within Moroccan commerce. Saham Paiements is poised to drive the growth of electronic payments in a market projected to exceed 100 million transactions annually in proximity commerce.

Revolut names first executive in Morocco as it prepares to enter the market
Revolut names first executive in Morocco as it prepares to enter the market

Ya Biladi

time17 hours ago

  • Ya Biladi

Revolut names first executive in Morocco as it prepares to enter the market

A few months after showing interest in the Moroccan market, the British digital banking powerhouse Revolut is intensifying its efforts. The fintech behemoth, which now claims a global user base of 60 million, has appointed its inaugural executive to lead its operations in Morocco. This pivotal role has been entrusted to Amine Berrada, the former operations director for Uber in Southern and Eastern Europe. He has been tasked with steering Revolut's strategic direction and growth in Morocco. «Revolut is on a mission to build the world's first truly global financial superapp and I'm thrilled to contribute to launching and scaling its presence in Morocco. I'm especially proud to be doing this for my home country, helping bring cutting-edge financial services to millions of Moroccans», he shared on LinkedIn. This development corroborates information disclosed by Yabiladi last April, which revealed Revolut's plans for a phased entry into Morocco, starting as a payment operator, with ambitions to secure a full banking license within two years. Headquartered in London, the company is eyeing several countries in the MENA region, including the United Arab Emirates and Saudi Arabia. It offers a comprehensive suite of services, from multi-currency exchange to cryptocurrencies, savings, credit, and investments. Revolut continues to evaluate the Moroccan market. «We regard Morocco as an attractive market. However, we are still in the early stages», the company mentioned in a discussion with Asharq Business. With an estimated valuation of $45 billion and substantial financial backing from giants like SoftBank, the neobank aims to establish a foothold in a landscape that remains relatively untapped in terms of fully digital banking services. Moroccan authorities, for their part, are signaling a welcoming stance towards fintech, with hopes of enhancing financial inclusion.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store