17.2 C
Thursday, September 28, 2023

Chinese electromotive group mulls battery plant in Morocco

More articles

A Chinese electromotive group wants to invest $6.4bn in a battery-making complex in Morocco Mohcine Jazouli, the Moroccan investment minister has said.

Gotion High-Tech, based in Hefei Anhui Province chose Morocco due to its proximity to the European market.

The gigafactory in Rabat will have an annual production capacity of 100GWh and create around 25,000 jobs.

Morocco already has a car and renewable energy industry, and a chain of raw materials such as cobalt and phosphate. Moroccan officials had previously positioned the country as a prime location for an electric car battery factory.

The kingdom is home to production plants for Renault and Stellantis, with a combined capacity of 700,000 vehicles, and a cluster of car part makers. Local firm Neo Motors will also begin production of the first Moroccan car brand later this year, with a projected annual capacity of 27,000 units.

Also Read

Africa Investment Forum showcases $1.475b in renewable energy deals

Boost for infrastructure financing in Nigeria


Please enter your comment!
Please enter your name here

- Advertisement -
- Advertisement -