Core Viewpoint - The company has established a wholly-owned subsidiary in Morocco, indicating a strategic expansion into the automotive parts manufacturing sector, including components for new energy vehicles [1] Group 1 - The company’s third board meeting approved the establishment of the subsidiary [1] - The newly registered subsidiary is named SAAADEMOROCCO with a registered capital of 8 million euros [1] - The subsidiary is located in Tangier, Morocco, and will focus on manufacturing automotive industrial parts and accessories [1]