Chinese technology group Wan’an Technology has announced the formation of a joint venture with Hwawei Technology Co., Ltd., to establish an industrial base in Morocco, according to a company notice published on March 11th.
The two groups have agreed to a total investment of 30 million euros (approximately 323.1 million Moroccan dirhams) for the creation of this industrial entity. Wan’an Technology will contribute 10.5 million euros through its own funds, representing 35% of the total capital (roughly 113.1 million dirhams), while Hwawei Technology will commit 19.5 million euros, or 65% of the investment, equivalent to nearly 210 million dirhams.
Capital Structure and Shareholding Organization
The partners have also signed a supplementary agreement modifying the future company’s ownership structure. The document specifies that Hwawei Technology has designated Hwawei Holding (Hong Kong) Co., Ltd. To hold 65% of the joint venture’s capital, while Wan’an Technology has authorized Wan’an Technology (Hong Kong) International Co., Ltd. To own a 35% stake.
This shareholding arrangement will govern the establishment of the industrial unit, which is intended for the production of automotive components. The move reflects a growing trend of Chinese tech firms expanding manufacturing operations into North Africa.
Financial Details of the Industrial Project
The announcement indicates that the total investment in the project will not exceed 30 million euros (approximately 323.1 million dirhams). It adds that any subsequent financial needs could be covered by bank financing, specifying that “if a loan is contracted, Hwawei Technology will undertake the credit operation, with the joint venture designated as the borrowing entity,” and that “shareholders will be required to provide guarantees proportional to their respective commitments in the capital.”
Financially, Wan’an Technology also reported its recent results, stating that the company “recorded a turnover of 3.46 billion yuan (approximately 4.79 billion dirhams) and a net profit attributable to shareholders of 148 million yuan (around 205 million dirhams) during the first three quarters of 2025.”
