{"id":84771,"date":"2024-06-10T00:00:00","date_gmt":"2024-06-10T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/06\/10\/the-first-phase-of-gotion-high-techs-morocco-ev-battery-gigafactory-is-in-the-works\/"},"modified":"2024-06-10T00:00:00","modified_gmt":"2024-06-10T00:00:00","slug":"the-first-phase-of-gotion-high-techs-morocco-ev-battery-gigafactory-is-in-the-works","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/06\/10\/the-first-phase-of-gotion-high-techs-morocco-ev-battery-gigafactory-is-in-the-works\/","title":{"rendered":"The first phase of Gotion High-Tech\u2019s Morocco EV battery gigafactory is in the works"},"content":{"rendered":"

A step forward for Morocco\u2019s EV battery gigafactory: <\/strong>Morocco signed an agreement with Chinese battery maker Gotion High Tech<\/a> (Gotion) to establish the first phase of its EV batteries gigafactory in Morocco\u2019s Kenitra city with an investment ticket of MAD 12.8 bn (c. USD 1.3 bn), according to a statement<\/a> released on Thursday. This comes two days after Morocco\u2019s National Investment Commission approved<\/a> the project. <\/p>\n

What we know so far: <\/strong>The first phase is set to have a production capacity of 20 GWh and an export capacity of USD 2 bn, with construction starting in June 2026, according to <\/span>MAP<\/a>. Gotion plans to raise the plant\u2019s capacity to 100 GWh, with the total investment expected to reach around USD 6.5 bn, <\/span>Reuters<\/a> wrote. The mega project is expected to create some 17k jobs.<\/span><\/p>\n

Discussions have been brewing: <\/strong>Gotion \u2014 which is backed by Germany\u2019s giant equipment manufacturer Volkswagen Group \u2014 and Morocco were in discussions in April to secure a location<\/a> for the project. The company also partnered with<\/a> tech giant ABB Group to collaborate on the building of the EV battery gigafactory earlier in the year. The company signed an MoU<\/a> with Morocco for the batteries and energy storage systems factory, the first of its kind in Africa and MENA, last year.<\/p>\n

Gotion beat others to the race:<\/strong> Chinese battery minerals producer Zhejiang Huayou Cobalt was also exploring a USD 20 bn electric vehicle battery plant<\/a> in Morocco last August.<\/p>\n

Morocco\u2019s EV manufacturing base is booming:<\/strong> Morocco and Chinese EV battery components maker BTR New Material inked a USD 297 mn investment agreement<\/a> to build a cathode factory for EV batteries in April. Chinese copper tubes and rods manufacturer Zhejiang Hailiang is also planning to construct a USD 288 mn plant<\/a> for the production of lithium-battery copper foil in Morocco. Chinese battery giant CNGR partnered<\/a> with Morocco-based investment fund Al Mada last September to build a USD 2 bn industrial base for battery parts production and recycling. <\/p>\n

And it extends to cars: <\/strong>Morocco boasts a combined annual car production capacity of 700k vehicles from automakers Stellantis and Renault, Reuters reported. Citroen<\/a> also produces around 50k EV buses<\/a> per year in Morocco with plans to double that output in two years. The kingdom is targeting the production of around 1 mn EVs in the next three to four years. Stellantis and Siemens began producing<\/a> EVs at its Kenitra plant in Morocco in 2021, which manufactures Opel\u2019s Rockes-e.<\/p>\n

IN OTHER EV NEWS IN MOROCCO- <\/strong>Neo <\/strong>Motors opens showroom in Rabat: <\/strong>Moroccan EV maker Neo Motors<\/a> opened its first showroom in Rabat, MAP<\/a> reported on Saturday. The showroom will present the company\u2019s first locally made EV model. Neo also plans to open 15 more showrooms throughout the kingdom. The automaker is planning to IPO<\/a> on the Casablanca Stock Exchange and use part of the funds raised for the production of EVs within three years. <\/p>\n","protected":false},"excerpt":{"rendered":"

The first phase will have a production capacity of 20 GWh and an export capacity of USD 2 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