The Moroccan government has signed an investment agreement with Chinese battery manufacturer Gotion High-Tech to construct the country’s first electric vehicle battery gigafactory in Kenitra, according to reports from Reuters and Bloomberg. The landmark foreign direct investment deal represents a significant milestone for the North African nation’s industrial strategy and its integration into the global automotive supply chain.
According to Morocco World News and Le Monde, the initial investment for the project is valued at 12.8 billion dirhams (approximately $1.3 billion). The agreement also includes long-term plans to scale up the total investment to $6.5 billion as the facility expands its production capabilities over time.
The plant is projected to have an initial production capacity of 20 gigawatt-hours (GWh). According to source reports, the gigafactory will focus primarily on exporting electric vehicle batteries to European and Middle Eastern markets. This strategic focus leverages Morocco’s geographic proximity to Europe and its existing trade connections to establish the country as a critical hub for green energy manufacturing and automotive exports.
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