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The Moroccan authorities gave the inexperienced gentle on Friday for Chinese electrical battery maker BTR New Material Group to build a manufacturing facility close to Tangier to produce key part cathode.
The plant, to be constructed at a price of three billion dirhams ($300 million), may have a manufacturing capability of 50,000 tonnes, Morocco‘s funding ministry stated.
The first output of 25,000 tonnes is predicted in September 2026, the ministry stated in a press release following the signing of the funding take care of BTR.
Moroccan officers have typically pitched the north African nation as a very good location for EV battery factories due to its present auto trade and renewable vitality sectors, and the presence of uncooked supplies together with cobalt and phosphates.
Stellantis-owned Citroen has a plant in Kenitra in northwest Morocco with capability to produce 50,000 supermini electrical vehicles, whereas Renault and Stellantis-owned Peugeot make combustion-engine vehicles in Morocco, which can be a base for a cluster of automobile elements makers. (Reporting by Ahmed Eljechtimi; Editing by Susan Fenton)
The plant, to be constructed at a price of three billion dirhams ($300 million), may have a manufacturing capability of 50,000 tonnes, Morocco‘s funding ministry stated.
The first output of 25,000 tonnes is predicted in September 2026, the ministry stated in a press release following the signing of the funding take care of BTR.
Moroccan officers have typically pitched the north African nation as a very good location for EV battery factories due to its present auto trade and renewable vitality sectors, and the presence of uncooked supplies together with cobalt and phosphates.
Stellantis-owned Citroen has a plant in Kenitra in northwest Morocco with capability to produce 50,000 supermini electrical vehicles, whereas Renault and Stellantis-owned Peugeot make combustion-engine vehicles in Morocco, which can be a base for a cluster of automobile elements makers. (Reporting by Ahmed Eljechtimi; Editing by Susan Fenton)
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