China’s Gotion High-Tech announced on June 5, 2023 that it has signed a memorandum of understanding with the Moroccan government to build a battery factory in Morocco. The factory will have an annual production capacity of 100 gigawatt hours, making it one of the largest battery factories in the world. The investment is expected to create 20,000 jobs in Morocco.
The factory is part of Morocco’s plan to become a major player in the global electric vehicle market. The country has already attracted investment from other major automakers, including Renault and Stellantis. The Gotion factory is expected to help Morocco meet its goal of producing 2 million electric vehicles per year by 2030.
The construction of the Gotion factory is a major step forward for the development of the electric vehicle market in Africa. It will help to reduce the cost of electric vehicles and make them more affordable for consumers across the continent. The factory will also create jobs and boost economic growth in Morocco.
Here are some of the benefits of the new battery factory in Morocco:
- It will help to reduce the cost of electric vehicles, making them more affordable for consumers across Africa.
- It will create jobs and boost economic growth in Morocco.
- It will help Morocco to become a major player in the global electric vehicle market.
- It will contribute to the fight against climate change by reducing emissions from transportation.
The new battery factory is a positive development for Africa and the global electric vehicle market. It is a sign of the growing momentum behind the transition to electric vehicles and the increasing importance of Africa in the global economy.
