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China's BTR Group to Establish $366 Million Lithium-ion Battery Facility in Morocco
China's BTR Group has unveiled plans to construct a lithium-ion battery plant in Tangier Technology City, Morocco. This ambitious project, valued at $366 million, is slated for completion in approximately two years and marks a pivotal move in BTR's global expansion strategy.
The facility aims to produce 60,000 tons of lithium-ion battery anode materials annually, enhancing BTR's ability to serve international markets. This development aligns with Morocco's strategic focus on bolstering its automotive sector, particularly in electric vehicle battery production.
Morocco's Minister of Industry, Riyad Mezzour, has expressed aspirations for the nation to become a leading hub for electric car manufacturing. He emphasized the country's commitment to transitioning the industry to 100% electric by 2030, supported by an integrated industrial framework.
In March, Morocco and BTR signed a significant investment agreement, paving the way for a cathode factory dedicated to electric vehicles. This venture is expected to generate 2,500 jobs and represents the first in a series of major projects in the electric mobility sector.
Investment Minister Mohcine Jazouli highlighted Morocco's ambition to strengthen its status as a continental and regional automotive leader, playing a crucial role in the shift toward sustainable mobility.