Chinese automotive supplier Tianyouwei installs in Morocco with $76 Mln investment

Tianyouwei, a Chinese producer of automotive instrument panels and smart cockpit solutions, has decided to invest $76 million in its new production site in Morocco.

The new plant will produce electronic dashboards and all in-vehicle electronic components destined for the European market. The Chinese company said the establishment of a manufacturing site in Morocco represents a major milestone in the company’s push to broaden its global footprint.

The facility will serve as a strategic base to optimize global production planning, stabilize delivery capacity, and enhance responsiveness to customer demand across Europe and Africa.

Tianyouwei group is the supplier of major manufacturers such as Hyundai, BYD, Changan Automobile, Chery, FAW Bestune and Geely Group.

Morocco’s geostrategic position, stability, FTAs, proximity to European markets, incentives and competitive automotive eco-system are attracting more and more investors.

During the past few weeks, several companies, including Guizhou Tyre and automotive braking systems manufacturer Bethel, announced plans to set up plants in the North African Kingdom, becoming a major player in global automotive industry.