Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > Stellantis expands production capacity at Morocco plant
    Headlines

    Stellantis expands production capacity at Morocco plant

    Published by Global Banking & Finance Review®

    Posted on July 17, 2025

    2 min read

    Last updated: January 22, 2026

    Stellantis expands production capacity at Morocco plant - Headlines news and analysis from Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:Automotive industrysustainabilityinvestmentinnovation

    Quick Summary

    Stellantis will double its Morocco plant's capacity to 535,000 vehicles, focusing on electric and hybrid models, boosting local sourcing and exports.

    Stellantis to More Than Double Vehicle Production in Morocco Plant

    RABAT (Reuters) -Carmaker Stellantis plans to more than double production capacity at its plant in Kenitra, Morocco, in the coming months to 535,000 vehicles annually, its chief operating officer for the Middle East and Africa said on Wednesday. The plant aims to step up production of supermini electric cars - including the Citroën Ami, Opel Rocks-e, and Fiat Topolino - to 70,000 from 20,000, Samir Cherfan said at the inauguration of the plant's expansion.

    The 1.2 billion euro ($1.4 billion) expansion is expected to raise the local sourcing rate to 75% by 2030, Moroccan Prime Minister Aziz Akhannouch said at the event. That compares with a rate of around 69% currently. Stellantis also plans to produce hybrid engines and three-wheeled vehicles at the plant. The Kenitra facility, which opened in 2019, reached a production capacity of 200,000 vehicles in 2020.

    In addition to Stellantis, Morocco is home to French carmaker Renault and parts suppliers.

    Stellantis's expansion will help Morocco exceed 1 million vehicles in production capacity, industry minister Ryad Mezzour said at the inauguration. The country's automotive industry exports rose 6.3% to a record 157 billion dirhams ($17 billion) in 2024, according to official figures. Morocco has been preparing its automotive sector for the electric mobility transition, attracting investments in recent years from Chinese EV battery makers.

    ($1 = 0.8621 euros)

    (Reporting by Tala Ramadan and Ahmed El Jechtimi. Editing by Mark Potter)

    Key Takeaways

    • •Stellantis plans to double production at its Morocco plant.
    • •The Kenitra plant will produce 535,000 vehicles annually.
    • •Focus on electric cars like Citroën Ami and Opel Rocks-e.
    • •Local sourcing rate to increase to 75% by 2030.
    • •Morocco's automotive exports hit a record in 2024.

    Frequently Asked Questions about Stellantis expands production capacity at Morocco plant

    1What is Stellantis planning for its plant in Morocco?

    Stellantis plans to more than double production capacity at its plant in Kenitra, Morocco, to 535,000 vehicles annually.

    2What is the expected investment for the expansion?

    The expansion is expected to cost 1.2 billion euros ($1.4 billion).

    3What local sourcing rate is Stellantis aiming for by 2030?

    Stellantis aims to raise the local sourcing rate to 75% by 2030.

    4How will this expansion affect Morocco's automotive industry?

    The expansion will help Morocco exceed 1 million vehicles in production capacity, boosting the country's automotive exports.

    5Which other carmaker operates in Morocco?

    In addition to Stellantis, Morocco is home to French carmaker Renault and various parts suppliers.

    More from Headlines

    Explore more articles in the Headlines category

    Image for Southeast Poland's Lublin and Rzeszow airports closed due to 'unplanned military activity', US FAA says
    Southeast Poland's Lublin and Rzeszow airports closed due to 'unplanned military activity', US FAA says
    Image for Exclusive-US plans initial payment towards billions owed to UN-envoy Waltz
    Exclusive-US plans initial payment towards billions owed to UN-envoy Waltz
    Image for Trump says good talks ongoing on Ukraine
    Trump says good talks ongoing on Ukraine
    Image for France to rally aid for Lebanon as it warns truce gains remain fragile
    France to rally aid for Lebanon as it warns truce gains remain fragile
    Image for Exclusive-US aims for March peace deal in Ukraine, quick elections, sources say
    Exclusive-US aims for March peace deal in Ukraine, quick elections, sources say
    Image for Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    Image for Olympics-Italy's president takes the tram in video tribute to Milan transport
    Olympics-Italy's president takes the tram in video tribute to Milan transport
    Image for Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
    Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
    Image for Analysis-Hims' $49 weight-loss pill rattles investor case for cash-pay obesity market
    Analysis-Hims' $49 weight-loss pill rattles investor case for cash-pay obesity market
    Image for Big Tech's quarter in four charts: AI splurge and cloud growth
    Big Tech's quarter in four charts: AI splurge and cloud growth
    Image for Exclusive-Bangladesh PM front-runner rejects unity government offer, says his party set to win
    Exclusive-Bangladesh PM front-runner rejects unity government offer, says his party set to win
    Image for Azerbaijan issues strong protest to Russia over lawmaker's comments on Karabakh trial
    Azerbaijan issues strong protest to Russia over lawmaker's comments on Karabakh trial
    View All Headlines Posts
    Previous Headlines PostFrench central bank head says budget plan goes in right direction
    Next Headlines PostPope Leo says he hopes to visit Turkey later this year