Which companies are sourcing electric vehicle battery plants in Morocco?

Battery industry giants, including South Korea's LG and China's Gotion, have announced three major electric vehicle battery plants in Morocco in recent months. But the sourcing of their critical - 10/30/2023

Who is the world's second-largest electronic vehicle battery manufacturer?

In late September, the South Korean group LG Energy, the world's second-largest electronic vehicle battery manufacturer (13.7% global market share in 2022), confirmed its association with the Chinese Huayou Group in its industrial project in Morocco, announced in April.

Is China relocating its lithium battery plant to Morocco?

Finally, at the end of August Tinci Materials, another Chinese manufacturer, revealed that it would relocate its Czech lithium battery components plant to Morocco. For his part, Ouriaghli, alongside OCP Group boss Mostafa Terrab, set up a joint venture in late September between Al Mada and the Chinese company CNGR.

Will Rabat build a Gigafactory in China by 2026?

Then, in May, Chinese firm Gotion High-Tech (3% of the market), a preferred supplier of Volkswagen, its reference shareholder, signed an agreement with Rabat to build a gigafactory in the kingdom by 2026.