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Morocco signs Chinese deal to build EV battery factory

Summary by AGBI
Gotion plans Kenitra factory 17,000 jobs to be created Morocco targets EV production China has announced a second large-scale investment in Morocco’s electric vehicle sector with plans for an EV battery factory to take advantage of access to the European market and a burgeoning automotive sector. A $1.3 billion deal has been signed between the Moroccan government and the Chinese-European group Gotion High Tech to build a gigafactory for the man…
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AGBI broke the news in on Friday, June 7, 2024.
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