Chinese group Lingyun Industrial has officially announced the launch of two automotive parts manufacturing plants in Morocco, a strategic move to strengthen its foothold in both the European and North African markets.
The first plant will focus on producing vehicle pipes, with an initial capital investment of €7.6 million. It aims to supply major automakers and equipment manufacturers, including Tesla, Volvo, Plastic Omnium Auto Inergy, Stellantis, and Magna International.
The second facility, developed in partnership with Chinese aluminum manufacturer Haomei New Materials, will specialize in producing structural body components, such as battery housings and high-strength roll-formed parts. This joint venture, with a capital of 100 million yuan (approximately $13.8 million), is set to serve BMW, Mercedes-Benz, Renault, Ford, Volkswagen, and Tesla.
Lingyun will hold a 51 percent majority stake in the venture, while Haomei New Materials will own the remaining 49 percent.
