Chinese electric vehicle (EV) battery component giant, CNGR Advanced Materials, and Al Mada, a major African investment fund, disclosed an innovative plan on Tuesday to construct a cutting-edge battery component manufacturing facility in Jorf Lasfar, Morocco, southwest of Casablanca, as reported by Bloomberg.
This forward-thinking project is designed to put Morocco at the forefront of the EV battery supply chain. With a 20 billion MAD investment, subject to certain regulatory approvals, this venture is expected to begin production in 2025.
Jorf Lasfar in Morocco was chosen as the location for a high-tech plant specializing in the production of lithium-iron-phosphate cathodes and precursor materials for nickel-manganese-cobalt (NMC) batteries, taking advantage of Morocco’s enormous phosphate supplies.
Morocco’s 70 GWh yearly production capacity is expected to supply over one million electric vehicles, primarily to European and American markets, bolstering its global role in sustainable mobility.
This Moroccan EV project marks a significant advancement in environmentally friendly transportation choices, and its construction is expected to change the EV battery fabrication landscape, attracting worldwide interest once construction begins.