Morocco's first automaker plans IPO to expand into EV production

NEO 3-door EV — Neo is initially assembling 3,000 units a year of its debut vehicle — a three-door passenger model that retails for $20,000. (BLOOMBERG)

By:

Bloomberg

November 15, 2023 10:31 AM

Moroccan automaker Neo Motors, which begins selling the nation’s first homegrown automobile this month, is targeting a listing on the kingdom’s main stock exchange to expand into electric-vehicle production.

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