MOROCCO: The Moroccan government confirmed the investment, marking Gotion as the latest entrant in the country’s burgeoning electric vehicle (EV) battery manufacturing sector. The factory will initially have a battery production capacity of 20 gigawatts per hour, with plans to scale up to 100 gigawatts per hour, potentially increasing the total investment to $6.5 billion.

Morocco’s strategic location near Europe, along with free trade agreements with major markets such as the European Union and the United States, positions it as an attractive destination for Chinese companies. The country’s robust automotive sector, highlighted by factories from global giants like Stellantis and Renault, further enhances its appeal.

In recent months, Morocco has seen a surge in Chinese investments in the EV battery industry. In May, Chinese companies Hailiang and Shinzoom announced the establishment of factories near Tangier for producing copper and anodes, critical components for EV batteries. Additionally, BTR New Material Group and CNGR Advanced Materials have outlined plans to build cathode production plants in Morocco.

The automotive sector remains a cornerstone of Morocco’s industrial exports, with $14 billion in revenue in 2023, reflecting a 27% increase from the previous year. The combined production capacity of Stellantis and Renault in Morocco stands at 700,000 cars annually, supported by a network of local suppliers.