Morocco, China’s new Eldorado for electric batteries? – Young Africa

2023-07-11 09:23:42

In August 2022, the Moroccan Minister of Industry, Ryad Mezzour, entrusted Young Africa that his department was in negotiations with “five operators on three continents (America, Europe and Asia) for the installation of an electric battery factory”. Less than a year later, several projects are beginning to take shape. This is the case, for example, of the gigafactory that the Sino-European group Gotion High-Tech plans to build in Morocco for 65 billion dirhams (6 billion euros).

According to the Moroccan Investment and Export Development Agency (AMDIE), which signed a memorandum of understanding with the company listed in Shenzhen and Zurich at the end of May, the investment aims “to set up an industrial ecosystem production of batteries for electric vehicles and energy storage systems.

To ReadAutomobile: in Morocco, a forced transition to electric
1689379742
#Morocco #Chinas #Eldorado #electric #batteries #Young #Africa

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.