Gotion High-tech to Build Gigafactory in Morocco

Gotion High-tech from China plans to build the first gigafactory for electric vehicles in Morocco. The projectʼs total value is estimated at 1.2 billion euros. Initially, the factory will have 20 gigawatt-hours of annual capacity. However, Gotion plans to increase the capacity of the plant to up to 100 gigawatt-hours at a later date. The total cost could then reach six billion euros.

Battery manufacturers attracted to Morocco

Moroccoʼs geographic proximity to Europe, free trade agreements with the EU and the US, and its existing automotive industry are attracting Chinese battery manufacturers. In May 2024, Hailiang and Shinzoom had announced plans to build battery component plants near the city of Tangier. BTR New Material Group and CNGR Advanced Material also intend to build battery material production facilities in Morocco. The country is already home to Stellantis and Renault production facilities with an annual capacity of 700,000 vehicles as well as a network of local suppliers.

Source:
https://www.reuters.com/business/autos-transportation/chinas-gotion-high-tech-set-up-13-billion-ev-battery-gigafactory-morocco-2024-06-06/

Newsletter

Hinweise zum Artikel

Empfehlung

  • All Post
  • Battery Development
  • Battery Material
  • Battery Production
  • Battery Recycling
  • Nicht kategorisiert
  • Top-Story EN
  • Uncategorized
Geladen – Der Batterie-Podcast
Future Battery Forum 2024

Battery News © 2023 | Imprint | Privacy Policy

Scroll to Top