China's BYD plans EV plant in Morocco

China’s BYD plans EV plant in Morocco

BYD, the Chinese electric vehicle maker backed by U.S. billionaire investor Warren Buffett, has signed an agreement to open a factory in Morocco to build battery-powered passenger cars, buses and trucks. The factory will be in the new Mohamed VI Tangier Tech City, which is part of a project between China and Morocco to create what some are calling a North African Silicon Valley. BYD also plans to build batteries on the 50-hectare site, where it expects to employ 2,500 people, a joint news release said. BYD is scheduled to start production next year but no details were released […]