June 13, 2024
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RENEWABLE ENERGY

Morocco Expects More Electric Vehicle Battery Investments

Moroccan Industry and Trade Minister Ryad Mezzour has expressed Morocco’s ambition to become a hub for electric battery production, aiming to align its burgeoning automotive industry with the rising global demand for electric vehicles (EVs).

In 2023, the automotive sector led Morocco’s industrial exports, generating $14 billion, a 27% increase from the previous year. The nation hosts manufacturing facilities for Stellantis and Renault, boasting an annual output capacity of 700,000 vehicles, supported by a robust network of local suppliers.

Recently, Morocco approved a project by Chinese firm BTR New Material Group to establish a factory near Tangier for producing cathodes, a critical component for electric batteries.

Additionally, another Chinese company, CNGR Advanced Material, plans to set up a cathode production facility in Jorf Lasfar, located about 100 kilometers south of Casablanca. The Moroccan government has dedicated 283 hectares specifically for electric battery industry developments.

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In the previous year, Morocco and China’s Gotion High-Tech explored the possibility of constructing an EV battery plant within the kingdom, with potential investments reaching up to $6.3 billion.

Mezzour revealed ongoing negotiations with five additional manufacturers for the establishment of similar facilities, though details remain undisclosed.

Africa Energy portal quoted him highlighting the strategic importance of investing in battery technology as a cornerstone for adapting the automotive sector to EV demands, Mezzour noted that future initiatives would focus on developing car platforms and electro-motors.

He emphasized Morocco’s strategy to progressively adapt and enhance its value chain, aiming to supply all its markets with a competitive and fully integrated value chain.

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