Why China Is Investing So Much Money in
The brief visit was a sign of the growing economic ties between China and Morocco, the largest automotive manufacturing hub
Chinese battery maker Gotion High-tech is among dozens of Chinese automobile manufacturing companies establishing operations in Morocco. Last summer, Gotion announced plans to build a $1.3 billion “gigafactory,” the first in Africa. According to the Moroccan government, this investment could potentially rise to $6.5 billion.
The brief visit was a sign of the growing economic ties between China and Morocco, the largest automotive manufacturing hub in Africa and an increasingly crucial conduit for Chinese companies looking to get around tariffs for exports headed to Europe.
Cohen reported that Chinese investments through the Belt and Road Initiative have funded significant Moroccan infrastructure, including high-speed rail, solar plants, and a $10 billion tech hub in Tangier. A Chinese company was recently selected to provide steel for a planned $26 billion gas pipeline between Nigeria and Morocco.
Morocco won't welcome China “at the expense of the E.U. and the United States,” he said. For Morocco, a priority is Western Sahara, where it has been fighting an independence movement for control for the past 50 years. Mr.
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