(3 Minutes Read)
Morocco signed a USD 297 million investment agreement with Chinese BTR New Material Group to construct an industrial unit to produce electric car battery components (cathodes). The ceremony, held in Rabat promises the creation of 2,500 job opportunities. The Moroccan government’s proactive measures, coupled with its strategic geographical location, have catalysed this transformative venture.
BTR, a global leader in electric battery components and supplier to major car companies like BYD, CATL, Volkswagen, and Tesla, will build the factory. Located in the Mohammed VI Tangier Tech Industrial City, the facility will have a production capacity of 50,000 tons per year upon completion. The company’s involvement signals renewed confidence from international investors in Morocco’s automotive sector, particularly as the industry undergoes a global shift towards EVs.
The construction has already begun, and the development plan is in two phases. The first phase, targeting a 25,000-ton annual capacity, is expected to be operational by September 2026. The Ministry emphasizes Morocco’s position as a regional leader in the automotive industry, with this project solidifying investor confidence in the country’s electric vehicle sector.
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The project represents a significant step for BTR’s international expansion and strengthens relations between Morocco and China. Mohcine Jazouli, Delegate-Minister to the Head of Government of Investment, emphasized that this is the first of many electric mobility projects planned for Morocco. He highlighted the country’s attractiveness for electric car battery manufacturing and its commitment to becoming a continental and regional hub for the green mobility revolution under King Mohammed VI’s leadership.
