{"id":88000,"date":"2024-11-14T00:00:00","date_gmt":"2024-11-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/11\/14\/cdg-snaps-up-stake-in-gotion\/"},"modified":"2024-11-14T00:00:00","modified_gmt":"2024-11-14T00:00:00","slug":"cdg-snaps-up-stake-in-gotion","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/11\/14\/cdg-snaps-up-stake-in-gotion\/","title":{"rendered":"CDG snaps up stake in Gotion"},"content":{"rendered":"

CDG invest in Gotion as battery gigafactory develops: <\/strong>Moroccan state-owned investment fund Caisse de D\u00e9p\u00f4t et de Gestion (CDG) and Chinese battery manufacturer Gotion High-Tech signed an MoU under which CDG Invest \u2014 which is an industry dedicated fund \u2014 will take a stake in Gotion Power Morocco as it continues to develop a USD 1.3 bn electric vehicle battery gigafactory in Kenitra, according to a statement<\/a>. The size of the stake was not disclosed. <\/p>\n

ICYMI-<\/strong> The company signed an MoU with Morocco for the batteries and energy storage systems factory, the first of its kind in Africa and MENA, last year<\/a>.<\/p>\n

The first phase is in the works: <\/strong>Morocco signed an agreement with Gotion \u2014 which is backed by Germany\u2019s giant equipment manufacturer Volkswagen Group \u2014 in June<\/a> to establish the first phase of the gigafactory with an investment ticket of MAD 12.8 bn (c. USD 1.3 bn). The agreement came shortly after Morocco\u2019s National Investment Commission approved the project. <\/p>\n

About the project:<\/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. Gotion plans to raise the plant\u2019s capacity to 100 GWh, with the total investment expected to reach around USD 6.5 bn. The mega project is expected to create some 17k jobs.<\/p>\n

Gotion has been busy: <\/strong>The company was in talks with Morocco in April<\/a> to secure a location and partnered with<\/a> tech giant ABB Group to collaborate on the building of the EV battery gigafactory earlier in the year. Gotion managed to beat out Chinese battery minerals producer Zhejiang Huayou Cobalt which was also exploring a USD 20 bn electric vehicle battery plant<\/a> in Morocco last August.<\/p>\n","protected":false},"excerpt":{"rendered":"

Gotion is constructing a USD 1.3 bn EV battery gigafactory<\/p>\n","protected":false},"author":1,"featured_media":88001,"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":[397],"tags":[396,11,64,45],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-88000","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-batteries","tag-batteries","tag-enterpriseclimate","tag-evs","tag-morocco","wpautop","entry"],"acf":{"mongo_id":"41a61954-c9c6-4a36-a37c-be5ad78a5140","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/11\/1385.jpg","photo_position":"above","homepage_title":"","full_issue_title":"CDG snaps up stake in Gotion","related_issue":[87988],"teaser":"Gotion is constructing a USD 1.3 bn EV battery gigafactory","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.343b4b04-e8b5-47bf-87df-4807c914b070.mp3"},"yoast_head":"\nCDG snaps up stake in Gotion - 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\/2024\/11\/14\/cdg-snaps-up-stake-in-gotion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CDG snaps up stake in Gotion\" \/>\n<meta property=\"og:description\" content=\"Gotion is constructing a USD 1.3 bn EV battery gigafactory\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/14\/cdg-snaps-up-stake-in-gotion\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-14T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1385.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\/2024\/11\/14\/cdg-snaps-up-stake-in-gotion\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/11\/14\/cdg-snaps-up-stake-in-gotion\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"CDG snaps up stake in Gotion\",\"datePublished\":\"2024-11-14T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/11\/14\/cdg-snaps-up-stake-in-gotion\/\"},\"wordCount\":286,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/11\/14\/cdg-snaps-up-stake-in-gotion\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1385.jpg?fit=%2C&ssl=1\",\"keywords\":[\"batteries\",\"EnterpriseClimate\",\"EVs\",\"Morocco\"],\"articleSection\":[\"BATTERIES\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/11\/14\/cdg-snaps-up-stake-in-gotion\/\",\"url\":\"https:\/\/enterpriseam.com\/climate\/2024\/11\/14\/cdg-snaps-up-stake-in-gotion\/\",\"name\":\"CDG snaps up stake in Gotion - Climate\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/11\/14\/cdg-snaps-up-stake-in-gotion\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/11\/14\/cdg-snaps-up-stake-in-gotion\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1385.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-11-14T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/11\/14\/cdg-snaps-up-stake-in-gotion\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/climate\/2024\/11\/14\/cdg-snaps-up-stake-in-gotion\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/11\/14\/cdg-snaps-up-stake-in-gotion\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1385.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1385.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/11\/14\/cdg-snaps-up-stake-in-gotion\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/climate\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CDG snaps up stake in Gotion\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#website\",\"url\":\"https:\/\/enterpriseam.com\/climate\/\",\"name\":\"Climate\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/climate\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\",\"name\":\"Climate\",\"url\":\"https:\/\/enterpriseam.com\/climate\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/25470.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/25470.svg\",\"caption\":\"Climate\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"CDG snaps up stake in Gotion - Climate","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/climate\/2024\/11\/14\/cdg-snaps-up-stake-in-gotion\/","og_locale":"en_US","og_type":"article","og_title":"CDG snaps up stake in Gotion","og_description":"Gotion is constructing a USD 1.3 bn EV battery gigafactory","og_url":"https:\/\/enterpriseam.com\/climate\/2024\/11\/14\/cdg-snaps-up-stake-in-gotion\/","og_site_name":"Climate","article_published_time":"2024-11-14T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1385.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/climate\/2024\/11\/14\/cdg-snaps-up-stake-in-gotion\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/11\/14\/cdg-snaps-up-stake-in-gotion\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"CDG snaps up stake in Gotion","datePublished":"2024-11-14T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/11\/14\/cdg-snaps-up-stake-in-gotion\/"},"wordCount":286,"publisher":{"@id":"https:\/\/enterpriseam.com\/climate\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/11\/14\/cdg-snaps-up-stake-in-gotion\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1385.jpg?fit=%2C&ssl=1","keywords":["batteries","EnterpriseClimate","EVs","Morocco"],"articleSection":["BATTERIES"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/climate\/2024\/11\/14\/cdg-snaps-up-stake-in-gotion\/","url":"https:\/\/enterpriseam.com\/climate\/2024\/11\/14\/cdg-snaps-up-stake-in-gotion\/","name":"CDG snaps up stake in Gotion - Climate","isPartOf":{"@id":"https:\/\/enterpriseam.com\/climate\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/11\/14\/cdg-snaps-up-stake-in-gotion\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/11\/14\/cdg-snaps-up-stake-in-gotion\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1385.jpg?fit=%2C&ssl=1","datePublished":"2024-11-14T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/11\/14\/cdg-snaps-up-stake-in-gotion\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/climate\/2024\/11\/14\/cdg-snaps-up-stake-in-gotion\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/climate\/2024\/11\/14\/cdg-snaps-up-stake-in-gotion\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1385.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1385.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/climate\/2024\/11\/14\/cdg-snaps-up-stake-in-gotion\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/climate\/"},{"@type":"ListItem","position":2,"name":"CDG snaps up stake in Gotion"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/climate\/#website","url":"https:\/\/enterpriseam.com\/climate\/","name":"Climate","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/climate\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/climate\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/climate\/#organization","name":"Climate","url":"https:\/\/enterpriseam.com\/climate\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/25470.svg","contentUrl":"https:\/\/ent.news\/internal\/25470.svg","caption":"Climate"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1385.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1385.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1385.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"jetpack_shortlink":"https:\/\/wp.me\/pgVl2y-mTm","_links":{"self":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts\/88000","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/comments?post=88000"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts\/88000\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/issue\/87988"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media\/88001"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media?parent=88000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/categories?post=88000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/tags?post=88000"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/brand?post=88000"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=88000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}