Gotion High Tech to Invest $6.3 Bln in Electric Battery Mega-Plant in Morocco

China-based battery maker Gotion High Tech will set up an electric vehicle battery plant in Morocco with up to $6.3 billion in eventual investment, Reuters recently reported.
The two parties are seeking to build a factory with a 100-gigawatt manufacturing capability.
Reuters said that Morocco negotiated an EV battery plant in July 2022.
Morocco is home to production facilities Renault and Stellantis with a combined production capacity of 700,000 vehicles and a cluster of car part makers.
Citroen has a production capacity of 50,000 supermini electric cars.
Morocco’s industrial exports were led by the automobile industry, with 111 billion MAD, an increase of 33% over the previous year.