Morocco Emerges as a Promising Hub for Electric Vehicle Production Investments
Morocco is positioning itself as an attractive destination for investments in the electric vehicle production sector, with automotive giants like Renault and Stellantis already establishing their factories in the country.
In this context, Gotion High-Tech, a Chinese battery manufacturer, has recently announced a major investment of €128 million to build a lithium battery factory in Morocco. The facility will be located near Casablanca and will start with a capacity of 20 gigawatt-hours (GWh), with the possibility of expanding to 100 GWh. This increase in local production capacity is expected to significantly boost the manufacturing of components for electric and hybrid vehicles in the country.
Gotion High-Tech plans to finance this project using its own resources as well as funds raised specifically for this initiative. This development aligns with Morocco's ambitions to improve its infrastructure for electric vehicles, while responding to the growing demand on the global renewable energy market. Additionally, the company is also considering a similar installation in Slovakia, highlighting a long-term landscape approach to support the growth of the green industry.
Gotion High-Tech's commitment to supplying batteries to the European market reflects Morocco's strategy to become a leader in the renewable energy and automotive sectors. The country is leveraging its favorable ecosystem for the automotive industry, enriched by free trade agreements with the European Union and the United States, as well as its geographical proximity to Europe. Therefore, this factory will not only produce components for the local market but also strengthen exports, aiming to increase the share of local parts in automotive exports from 65% to 80%.
This large-scale project is a significant step towards realizing Morocco's ambitions in the electric vehicle sector, promising not only to generate jobs but also to assert the country's position on the international stage in terms of innovation and sustainability.
