Gotion Power Morocco,part of the EV battery giant Gotion High-Tech,will start producing at its gigafactory in Kenitra by the third quarter of 2026,company chairman Khalid Qalam said.
In June last year,the Moroccan government unveiled an investment deal with Gotion High Tech worth $6.3 billion,including $1.3 billion in a first phase,for the gigafactory.
The plant will be located in Kenitra and will start with a capacity of 20 gigawatts per hour and 40 gwh in a second phase,Qalam said at the International Chemical Industry conference.
The batteries made by the factory will be exported to Europe,he said,noting that 70% of battery components will be sourced from Morocco.
As demand surges on electric vehicles,Morocco’s vibrant automotive sector is preparing for the shift attracting multiple investments by Chinese EV battery giants.
China’s Hailiang and Shinzoom announced two separate plans to produce copper and anodes respectively for a combined total nearing 1 billion dollars in Tanger Tech.
BTR New Material Group signed a deal with the Moroccan government to set up a cathodes plant,critical to EV battery manufacturing.
In 2023,CNGR Advanced Materials partnered with Moroccan private investment fund Al Mada to build an electric vehicle battery plant in Jorf Lasfar worth 2 billion dollars.
With the outbreak of the Trump administration’s new tax rates,Morocco has received only 10% the minimum levy,helping it keep its trade advantage.
But many observers fear that the next stage in the trade war would target Chinese investments abroad.
United News - unews.co.za