New Energy Morocco Battery Factory

Will Morocco set up an electric vehicle battery plant?

Last year, the Moroccan government and China's Gotion agreed to look into setting up an electric vehicle battery plant in the kingdom with up to $6.3 billion in eventual investment. Industry minister Ryad Mezzour told Reuters last month the Gotion project was advancing with discussions on the footprint and location.

Is Morocco a good place for EV battery factories?

Morocco is considered a good location for EV battery factories because Moroccan officials have pitched the north African country as having an existing auto industry and renewable energy sectors, and the presence of raw materials including cobalt and phosphates.

Will China and shinzoom set up two separate battery plants in Morocco?

RABAT, May 15 (Reuters) - Chinese auto battery manufacturers Hailiang and Shinzoom will set up two separate plants in Morocco, as the country seeks to adapt its growing automotive sector to increasing demand for electric vehicles, Moroccan officials said on Tuesday.

Is CNGR launching a new EV plant in Morocco?

By contrast, in Morocco “we may have ground breaking already next month”, he said. The plant, in which CNGR will jointly invest with Al Mada, a conglomerate owned by the Moroccan royal family, will generate enough material for 1mn EVs a year. Lahrs added that there was significant potential to expand beyond that.

Will China build a cathode plant in Morocco?

China’s CNGR Advanced Material said last week that it would build a cathode materials plant in Morocco to supply the US and European battery markets, as the north African country emerged as an unlikely winner from US-China tensions.

How will Morocco benefit from China's battery industry?

Morocco is starting to benefit as a bridge between Chinese companies and western markets as countries race to build battery industries that will determine the future shape of the automotive and clean energy sectors.