فاس نيوز ميديا جريدة الكترونية جهوية تعنى بشؤون و أخبار جهة فاس مكناس – متجددة على مدار الساعة
Chinese company BTR New Material has announced new investment plans in Morocco with a total value of 13 billion dirhams (approximately $1.2 billion USD) to establish a giant factory for producing electric vehicle battery components. This move comes as part of expanding the battery manufacturing ecosystem in the kingdom.
The investment plan includes the establishment of two production units:
- An anode production plant with an investment of 3.7 billion dirhams and an annual production capacity of 60,000 tons.
- A cathode production unit costing 3 billion dirhams with a production capacity of 50,000 tons annually.
This massive project is expected to create about 3,000 direct jobs and 10,000 indirect jobs, significantly boosting the local economy.
The memorandum of agreement was signed between the Moroccan Ministry of Investment and BTR New Material Group during the Moroccan delegation’s visit to China. Ali Seddiki, Director General of the Moroccan Agency for Investment and Export Development, stated that the Chinese company is considered a global leader in producing anodes and cathodes, which are essential components in manufacturing electric vehicle batteries primarily destined for the American market, especially for Tesla.
Xiao Dongxin, Vice President of BTR New Material Group, confirmed that this new investment is crucial and is expected to materialize as soon as possible, supporting the group’s strategy for integration into global markets.
According to media sources, the new factory is likely to be established in the Tangier Tech industrial zone, reinforcing Morocco’s position as a regional hub for electric vehicle and component manufacturing.
This massive investment confirms Morocco’s attractiveness for foreign investments in the advanced industries sector and strengthens its position as a major destination for global supply chains in the electric vehicle field.
The project underscores Morocco’s commitment to developing its industrial sector, particularly in high-tech areas like electric vehicle components. It also highlights the country’s strategic location and favorable business environment, which continue to attract significant international investments. This development is expected to have a positive impact on Morocco’s economy, job market, and technological capabilities in the growing electric vehicle industry.
