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Morocco Gears Up for Electric Vehicles with Battery Boom

Eriki Joan UgunushebyEriki Joan Ugunushe
April 4, 2024
in Government
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Morocco Gears Up for Electric Vehicles with Battery Boom
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Morocco is accelerating its journey towards electric vehicles (EVs) by attracting more electric battery manufacturers. This move aims to transform the country’s thriving automotive industry to meet the growing demand for eco-friendly cars.

The news comes from Ryad Mezzour, Morocco’s industry and trade minister. He revealed that the government is in talks with several companies to set up battery production plants. This strategy aligns with Morocco’s impressive automotive sector, currently the top industrial exporter, generating a whopping $14 billion in 2023.

The country is already home to major car manufacturers like Stellantis and Renault, boasting a combined production capacity of 700,000 vehicles annually. Additionally, a network of local suppliers supports this vibrant industry.

Morocco is taking concrete steps to embrace the EV revolution. Last week, they signed a deal with Chinese battery maker BTR New Material Group to build a factory near Tangier. This facility will produce cathodes, a crucial component in EV batteries. Negotiations are ongoing with another Chinese company, CNGR Advanced Material, to establish a similar plant.

Morocco Gears Up for Electric Vehicles with Battery Boom

The government’s ambition doesn’t stop there. Discussions are underway with a potential giant – China’s Gotion. This collaboration could lead to a “gigafactory,” a massive facility dedicated to large-scale battery production, with an investment reaching up to $6.3 billion.

Mezzour emphasized that battery production is just the first step. The next phase will focus on developing car platforms and electric motors, creating a comprehensive EV ecosystem in Morocco.

This push towards EVs has a clear goal: by 2030, Morocco aims for electric vehicles to make up 60% of its car exports. This ambitious target positions Morocco ahead of the European Union’s ban on fossil-fuel cars in 2035.

Existing car manufacturers are also adapting. Stellantis is already producing electric cars at their Kenitra plant, while Renault plans to launch a hybrid version of a popular model later this year.

Overall, Morocco is making a strategic move to secure its place in the future of transportation. By attracting battery manufacturers and fostering EV production, the country is poised to become a key player in the global electric vehicle market.

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Eriki Joan Ugunushe

Eriki Joan Ugunushe

Eriki Joan Ugunushe is a dedicated news writer and an aspiring entertainment and media lawyer. Graduated from the University of Ibadan, she combines her legal acumen with a passion for writing to craft compelling news stories.Eriki's commitment to effective communication shines through her participation in the Jobberman soft skills training, where she honed her abilities to overcome communication barriers, embrace the email culture, and provide and receive constructive feedback. She has also nurtured her creativity skills, understanding how creativity fosters critical thinking—a valuable asset in both writing and law.

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