China Invests $5.6B in Morocco Battery Gigafactory, Africa''s First
Morocco is set to host Africa''s first battery gigafactory, backed by a massive $5.6 billion investment from China''s Gotion High-Tech. The landmark project highlights a growing
This success of the Moroccan automotive industry provides a solid foundation for new investments in the electric battery value chain to reach 400 billion dirhams by 2030. The country is consolidating its position as a leading player in the lithium and electric battery sector through ambitious projects with Asian and European p...
Thanks to its natural resources, advantageous geographical position and strategic partnerships with global players, Morocco aims to become a regional hub for sustainable technologies for Africa and Europe by investing heavily in the lithium and electric battery industry.
As part of a strategy to make Morocco a leading industrial platform in strategic sectors related to the energy transition, the project to create a lithium refining unit, led by LG Energy Solution and Yahua, is in line with the strategy to achieve sustainable industrial development and attract high value-added investment.
With the opening of a first production unit for lithium-ion battery materials in Jorf Lasfar, COBCO has begun the creation of a strategic industrial ecosystem in Morocco dedicated to electric mobility and energy storage. With a capacity equivalent to 70 GWh/year, this platform will be able to equip up to one million electric vehicles each year.
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