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#Morocco and Gotion High Tech Sign $1.28 Billion Deal to Build Electric Car Battery Factory Morocco and the Chinese-European group "Gotion High Tech" have signed an agreement to establish a factory for producing electric car batteries with a budget of $1.28 billion. The agreement aims to create 17,000 direct and indirect jobs, including 2,300 highly skilled positions. Moroccan Prime Minister Aziz Akhannouch presided over the signing ceremony of the investment agreement yesterday, Thursday, in #Rabat. The ceremony was attended by "Li Chen," the General Manager of the Chinese-European group "Gotion High Tech," along with other Moroccan ministers. Under the agreement, a large industrial unit will be established with an integrated system for producing electric car batteries in the city of Kenitra (west), making this unit the first of its kind in the Middle East and North Africa region, thus enhancing Morocco's leadership in the automotive industry and energy transition. In a few short years, Morocco has become one of the leading car manufacturing countries, producing 700,000 vehicles annually, transforming the country into an Arab hub for car manufacturing and assembly, and attracting billions in investments. 👉 In June 2020, the French company "Citroën" announced the production of its first electric car at its factory in the Moroccan city of Kenitra. 👉 On December 21 of the same year, Morocco unveiled a locally produced model of an electric car charging station. 👉 In September 2021, the Ministry of Industry and Trade announced the start of production of the first electric car for "Renault" at its factory in Tangier, northern Morocco. #morocco #china #electric #electriccar #chargingstation #energy #elecrical #tangier #renault #Citroën #GotionHighTech #car #CarBattery #linaenergy #solar #lithium #industry #factory #renewables

MOROCCO: China’s Gotion to manufacture electric car batteries in Rabat Gotion High-Tech, a Chinese company specializing in the manufacture of electric vehicle batteries, announced the signing of a strategic agreement with the global ABB group to supply electrical equipment and robotics, with the aim of establishing a giant factory in Bouknadel, Morocco. This partnership aims to meet the growing demand for electric cars in Europe and the United States. Within the framework of this agreement, ABB will provide its unique expertise in the fields of automation and electricity, in addition to digital technologies, with the aim of improving production processes. This cooperation aims to increase the efficiency of Gotion's production sites, by increasing levels of automation and controlling polluting emissions, and providing integrated energy distribution solutions. This partnership is expected to contribute to meeting the growing demand for electric cars in the markets of Europe and the United States, through establishing an industrial unit for the production of electric car batteries and energy storage systems in the Bouknadel region, with an investment value estimated at approximately 65 billion dirhams. It is expected that this project will contribute to creating about 25,000 direct and indirect job opportunities, which will enhance economic development in the region. In addition, the plant will have an annual production capacity of about 100 gigawatt hours, strengthening Morocco's position as a major player in the electric vehicle industry and battery technology. #energyticslimited #renewableenergy #energyefficiency #energyinnovation #electriccarbatteries

🌱Morocco Accelerates Toward a Greener Future Rabat, Morocco, is set to build Africa’s first gigafactory for electric vehicle (EV) batteries. With an annual output of 3 gigawatt-hours (GWh) of lithium-ion cells, this facility will power 30,000-45,000 EVs. Morocco’s automotive manufacturing strength and critical mineral reserves position it as a global EV hub. By integrating renewables and promoting local assembly, Morocco drives sustainable transport. 🚗 #morocco #emobility #sustainability #zeroemissions

Establishment of the first electric vehicle battery factory in Morocco ◾ Morocco is moving rapidly to strengthen its position in the production of electric vehicles, following success in the wider automotive industry. The Government signed a strategic investment agreement with the Chinese-European group GOTION High-Tech, which operates in the field of electric transport. ◾ Under the agreement, an industrial unit will be developed with an integrated electric vehicle battery production system in Quneitra (40 km north of Rabat), the first of its kind in the Middle East and North Africa. ◾ The latest move by the industrial sector reflects the Kingdom's continued rapid movement in recent years, especially in the automotive industry, with the ambition to produce 1 million thermal cars and 100,000 electric vehicles annually by 2025. ◾ Gushen High Tech is a leader in the electric battery sector, and its main contributors include Volkswagen Group. ◾ The Ministry of Investment explained that construction of the plant will begin in the coming weeks and will take two years, with production to begin in the third quarter of 2026. ◾ This project will enable the production of electric batteries with a capacity of up to 20 gigawatts per hour at a first stage with an investment value of more than $1.3 billion, ultimately reaching an estimated production capacity of 100 gigawatts per hour and a total investment cost of 65 billion dirhams ($6.5 billion) project ", with the expectation that some 17 thousand jobs will be created, of which 2300 is attributable to high competencies. ◾ Electric vehicles are manufactured in Quneitra and Tangier factories, and Morocco has a production capacity of about 40 thousand electric vehicles per year, and aspires to increase them to 100 thousand by 2025. ◾ Morocco's move to open up investment in electric vehicles is a proactive step before the European Union (the Kingdom's first partner) bans the final use of petrol or diesel motor vehicles by 2035. The source: Aljazeera #energyticslimited #energyefficiency #renewableenergy #electricvehicle #electricvehiclebattery

❗️New Publication: 🇲🇦 Morocco’s Role in the Global Electro-#Mobility Revolution 🚗🌍 Did you know that #Morocco, Africa's largest car manufacturer, is emerging as a significant player in the global #transition towards electro-mobility, driven by its various strategic advantages? 👉 Against the background of a shifting global electro-mobility value chain and stakeholder landscape, and the redistribution of the ‘cake of opportunities,’ the country is actively forming new strategic #partnerships in the electric #vehicle (#EV) and #energy sectors, affirming its dedication to spearheading fully decarbonized automotive supply chains and capitalizing on the expanding global EV market. 👉 This strategic alignment places Morocco at the forefront of 21st-century economic policy. With a growing emphasis on green technologies and sustainability, Morocco is well-positioned to play a pivotal role in shaping the future of electro-mobility both within #Africa and globally. 🔋An example of the ongoing transition is the signing of a strategic investment agreement between #GotionHighTech and the Moroccan government, which took place on June 6 in #Rabat. The agreement aims to create an industrial ecosystem for manufacturing EV batteries in #Kenitra, marking the establishment of the first #gigafactory in Africa. 📄 👉 The paper sheds light on the status quo, and challenges of electro-mobility promotion and #industry #transformation in Morocco. You can download the paper on the #ChangingTransport website: https://lnkd.in/ebHnjYaG A big thanks goes to Karim BEN AMARA, Nezha Daaif and Anass B. for their great contributions! The paper will also be available in French language soon. Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH

🚗🔌 Morocco: Driving the Future of Electric Cars 🔌🇲🇦 Morocco is on the fast track to becoming a significant player in the electric car industry. With the capacity to produce 40,000 electric cars per year and ambitious plans to scale that to 100,000 by 2025, the nation is setting a compelling stage for electric mobility. Here's why Morocco's electrifying journey is so promising: 🌍 Strategic Location: Nestled in North Africa, Morocco enjoys a prime geographical position, providing easy access to European markets, making it a pivotal hub for electric vehicle production and distribution. ☀️ Renewable Energy Potential: With abundant sunshine and consistent winds, Morocco boasts a remarkable advantage in renewable energy production. This means low-cost electricity for electric vehicles and a reduced reliance on fossil fuels. 👩🔧 Skilled Workforce: Morocco employs over 230,000 professionals in the automotive sector. Highly skilled technicians, engineers, and workers are continuously trained to maintain high-quality production standards. 🏭 Investment in Infrastructure: Morocco is investing in both existing factories and new industrial zones specializing in electric battery production. Agreements with foreign companies for Gigafactories demonstrate the nation's commitment to being a global electric vehicle player. 🌱 Sustainability Focus: To encourage the adoption of electric cars, Morocco is actively raising public awareness about their benefits. A national communication campaign emphasizes the environmental impact and cost-efficiency. Attractive tax incentives further incentivize electric vehicle purchases. 🔋 Charging Infrastructure Expansion: The country is expanding its charging infrastructure, with plans to install 2,500 new charging stations by 2026. These stations will transform the urban landscape, making electric vehicles more accessible and encouraging widespread adoption. Morocco's electric future is bright, driven by a dynamic combination of resources, strategic planning, and a commitment to sustainability. As global demand for electric vehicles continues to rise, Morocco's role in the electric car revolution is set to become increasingly significant. 🌟🚗💡 #ElectricVehicles #SustainableMobility #MoroccoEVs #GreenFuture #evcharging

***Morocco's Gigafactory Revolution: Powering Tomorrow's Mobility and Innovation*** Morocco is making significant strides in bolstering its industrial sector with a specialized zone in Jorf Lasfar, representing a substantial $2.6 billion investment. Spanning 228 hectares, this initiative focuses on producing vehicle batteries, advancing electronics, chemistry, mining, and automotive industries. The project, a result of collaboration between CNGR Advanced Material and Moroccan investment fund Al Mada Ventures, aims to position Morocco as a leader in advanced energy solutions. This international partnership showcases the convergence of expertise and resources for large-scale projects, opening new avenues for development and innovation in the electric vehicle sector. With a potential to employ 4,000 people, this initiative not only stimulates economic growth but also contributes to social development. Investing in high-value-added sectors such as battery manufacturing enhances Morocco's global competitiveness, creating qualified local jobs. Morocco's commitment to developing the electric vehicle battery ecosystem is crucial in the global transition towards sustainable mobility. By establishing infrastructure dedicated to vehicle battery production, Morocco aims to electrify transportation, reducing greenhouse gas emissions and mitigating climate change effects. As a pioneer in transitioning to electric mobility, Morocco attracts global attention to establish several gigafactories, combining battery production with integrated urban infrastructure. These initiatives position Morocco as a regional and global leader in sustainable mobility and a circular economy, paving the way for a more sustainable future with clean technologies and advanced energy solutions at the forefront. #MoroccoIndustry #ElectricVehicle #RenewableEnergy #SustainableDevelopment #GreenTechnology #InvestmentOpportunity #InnovationHub #EconomicGrowth #CleanEnergy #Gigafactories #ClimateAction #JobCreation #GlobalLeadership #FutureMobility #EnvironmentalImpact #IndustrialDevelopment #BatteryTechnology #InternationalPartnership #EmergingMarkets

The LYNX Forum on developing a Roadmap to Accelerate the Transition to New Energy Vehicles (NEVs) in Egypt was held in Cairo on October 15, 2023 with the participation of senior government officials, private sector companies operating in the automotive, energy, e-mobility and banking sectors, and development partners to Egypt. The event, co-organized by LYNX Strategic Business Advisors, the USAID's Business Egypt project (BE), implemented by DAI, USAID Trade Reform & Development in Egypt (TRADE) Project and Uber, witnessed the launch of the collaboration between the four firms to enhance the roll-out of new energy vehicles (NEVs) in Egypt and attract new investments to the sector. The Forum witnessed in depth discussions on the current Egyptian policies and global best practices associated with incentivizing demand for NEVs, availing infrastructure needs, and deepening the local manufacturing of the NEV industry, with the objective of developing a roadmap for Egypt to accelerate NEV roll out. Participants from the General Authority for Investment and Free Zones (GAFI), the Ministries of Trade/Industry, Electricity, Finance, Planning, Military Production, Public Business Sector and Transport, engaged in interactive discussions, with a diverse array of industry players such as Uber, Volkswagen Group, Foxconn, Bollinger Motors, Nissan Motor, Toyota Motor Corporation, Ashok Leyland, General Motors, Stellantis, Al Nasr Automotive, Al Mansour Group, Aboughaly Motors, Obayken Group, Siemens Energy, Acculon Energy, Plug El Sewedy, Infinity, Taqa Arabia, Brightskies, @Shift EV, Leoni, Yazaki, Dr. Greiche, Samcrete, HSBC Bank, African Export-Import Bank (Afreximbank). International business associations and development partners also contributed to these discussions, including representatives from the French Ministry of Ecological Transition, the Norwegian Electric Vehicles Association, the AAAM - African Association of Automotive Manufacturers, the Society of Indian Automotive Manufacturers, the South African Association of Automotive Component and Allied Manufacturers, USAID, EBRD, UN-Habitat (United Nations Human Settlements Programme), UNIDO Egypt, United Nations Economic and Social Commission for Western Asia (ESCWA), in addition to international experts from the Albright Stonebridge Group, Cerutus Consulting and E&Y. #lynx #lynxforum #investinegypt #NEVs

🔋 Whilst the Inflation Reduction Act attracts investment from battery manufacturers towards the US there’s another prospect on the horizon 🔋 The UAE! Known for having ‘deep pockets’, there are on-going conversations that cannot be ignored by manufacturers in Europe 🌍 We’ve already seen sizable investments from Masdar (Abu Dhabi Future Energy Company)’s £1 billion stake in UK BESS to the Titan Lithium's £1 billion lithium-processing facility in Abu Dhabi Since battery manufacturers are heavily reliant on subsidiaries I’d be interested to see how feasible it is for these gigafactory plants 🏭🍃 Supply chain challenges aren’t exactly new to the sector, so, I'd anticipate some solutions will be needed Whether Europe can retain the interest of battery manufacturers with more incentives is another conversation to be had, but it’s not completely off the cards. Some notable recent successes from the EU include ACC - Automotive Cells Company and Northvolt raising substantial funds to scale up production. Where do you expect growth and investment for battery manufacturers in the foreseeable? Curious to hear your thoughts! #battery #gigafactory

Morocco has made significant progress in 2023 towards becoming a major player in the electric vehicle (EV) battery industry. The collaboration between Al Mada and CNGR Advanced Material Co. is dedicated to the establishment of battery component production and facilities for recycling battery materials. The Moroccan government's partnership with Gotion High Tech aims to build a significant 100-gigawatt EV battery plant, demonstrating the country's dedication to sustainable and high-value industries. Several other Chinese companies, including Tinci, Huayou, Yahua, SRG Mining (Canada), Carbon-One, LG Chem (South Korea), and BTR New Material..., are actively considering contributing to the Moroccan ecosystem for the production of batteries for electric vehicles. These developments highlight Morocco's strategic location, access to resources, and commitment to a circular economy, making it an increasingly attractive destination for investments in the electric vehicle battery value chain. Exciting times are ahead as Morocco solidifies its role in shaping the future of sustainable transportation. I'm eager to see what the year 2024 will be like. #Morocco #ElectricVehicles #BatteryProduction #Sustainability #batteryindustry #batterymanufacturing