Morocco’s first carmaker Neo Motors plans IPO to expand into EV production
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Moroccan carmaker 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. Neo, co-founded in 2017 by Morocco’s now-communications and culture minister, is initially assembling 3,000 units a year of its de-but vehicle — a three-door passenger model […]