{"id":77799,"date":"2023-06-05T01:00:10","date_gmt":"2023-06-05T01:00:10","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/06\/05\/morocco-takes-the-first-step-in-establishing-a-usd-6-4-bn-ev-battery-gigafactory\/"},"modified":"2023-06-05T01:00:10","modified_gmt":"2023-06-05T01:00:10","slug":"morocco-takes-the-first-step-in-establishing-a-usd-6-4-bn-ev-battery-gigafactory","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/06\/05\/morocco-takes-the-first-step-in-establishing-a-usd-6-4-bn-ev-battery-gigafactory\/","title":{"rendered":"Morocco takes the first step in establishing a USD 6.4 bn EV battery \u201cgigafactory\u201d"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>Morocco is getting a giant EV battery facility:<\/strong> Morocco has signed an MoU with Chinese battery maker Gotion High Tech to build a roadmap for setting up a gigafactory for EV batteries and energy storage systems, <a href=\"https:\/\/www.mapnews.ma\/ar\/content\/envoyer-une-demande-de-paiement\">Maghreb Arab Press<\/a><a href=\"https:\/\/www.mapnews.ma\/ar\/content\/envoyer-une-demande-de-paiement\"><\/a>reported last week. The project is part of an ambitious plan to localize EV battery manufacturing in the country.<\/p>\n<p><strong>What we know:<\/strong> Under the agreement, Gotion High-Tech will set up a \u201cgigafactory\u201d with investments estimated at MAD 65 bn (c. USD 6.4 bn) in Bouknadel. The facility, which will be the first of its kind in Africa, will have a production capacity of 100 GW\/h and will create 25k jobs, according to <a href=\"https:\/\/www.asharqbusiness.com\/article\/50830\/%D9%85%D8%AC%D9%85%D9%88%D8%B9%D8%A9-%D8%B5%D9%8A%D9%86%D9%8A%D8%A9-%D8%A3%D9%88%D8%B1%D9%88%D8%A8%D9%8A%D8%A9-%D8%AA%D8%B3%D8%AA%D8%AB%D9%85%D8%B1-64-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D9%81%D9%8A-%D8%A7%D9%84%D9%85%D8%BA%D8%B1%D8%A8-%D9%84%D8%A5%D9%86%D8%AA%D8%A7%D8%AC-%D8%A7%D9%84%D8%A8%D8%B7%D8%A7%D8%B1%D9%8A%D8%A7%D8%AA\/\">Alsharq Business<\/a>.<\/p>\n<p><strong>REMEMBER- <\/strong>Morocco has transformed itself into a <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/761e8bf1-981e-4621-9635-89883897a9e5\">regional automotive powerhouse<\/a> through smart incentives and consistent government policy, and it is now a key exporter to Europe as well as to other MENA countries, including Egypt. It has put together a comprehensive agenda, from developing a national master plan for electric mobility, designating zones where fossil-fuel cars are banned, giving <a href=\"https:\/\/www.iea.org\/policies\/6993-circulation-tax-exemption-morocco\">tax exemptions on EVs<\/a>, to developing the infrastructure through an <a href=\"https:\/\/www.i-smart.ma\/\">iSmart charging station<\/a>. Morocco is targeting the production of around 1 mn EVs in the next three to four years, according to statements by officials last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Morocco is getting a giant EV battery facility: Morocco has signed an MoU with Chinese battery maker Gotion High Tech to build a roadmap for setting up a gigafactory for EV batteries and energy storage systems, Maghreb Arab Pressreported last week. The project is part of an ambitious plan to localize EV battery manufacturing in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":77800,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[152],"tags":[11,64,151,45],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-77799","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-enterpriseclimate","tag-evs","tag-investment-watch","tag-morocco","wpautop","entry"],"acf":{"mongo_id":"b6bc199f-bd7c-42b3-aa7c-2aa766f2e3c4","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/4\/1037.jpg","photo_position":"above","related_issue":[77785],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Morocco takes the first step in establishing a USD 6.4 bn EV battery \u201cgigafactory\u201d - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/05\/morocco-takes-the-first-step-in-establishing-a-usd-6-4-bn-ev-battery-gigafactory\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Morocco takes the first step in establishing a USD 6.4 bn EV battery \u201cgigafactory\u201d\" \/>\n<meta property=\"og:description\" content=\"Morocco is getting a giant EV battery facility: Morocco has signed an MoU with Chinese battery maker Gotion High Tech to build a roadmap for setting up a gigafactory for EV batteries and energy storage systems, Maghreb Arab Pressreported last week. The project is part of an ambitious plan to localize EV battery manufacturing in [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/05\/morocco-takes-the-first-step-in-establishing-a-usd-6-4-bn-ev-battery-gigafactory\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-05T01:00:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/1037.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/06\/05\/morocco-takes-the-first-step-in-establishing-a-usd-6-4-bn-ev-battery-gigafactory\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/06\/05\/morocco-takes-the-first-step-in-establishing-a-usd-6-4-bn-ev-battery-gigafactory\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Morocco takes the first step in establishing a USD 6.4 bn EV battery \u201cgigafactory\u201d\",\"datePublished\":\"2023-06-05T01:00:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/06\/05\/morocco-takes-the-first-step-in-establishing-a-usd-6-4-bn-ev-battery-gigafactory\/\"},\"wordCount\":219,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/06\/05\/morocco-takes-the-first-step-in-establishing-a-usd-6-4-bn-ev-battery-gigafactory\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/4\/1037.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseClimate\",\"EVs\",\"INVESTMENT WATCH\",\"Morocco\"],\"articleSection\":[\"INVESTMENT WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/06\/05\/morocco-takes-the-first-step-in-establishing-a-usd-6-4-bn-ev-battery-gigafactory\/\",\"url\":\"https:\/\/enterpriseam.com\/climate\/2023\/06\/05\/morocco-takes-the-first-step-in-establishing-a-usd-6-4-bn-ev-battery-gigafactory\/\",\"name\":\"Morocco takes the first step in establishing a USD 6.4 bn EV battery \u201cgigafactory\u201d - 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