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Under its new project, BTR aims to achieve an annual production capacity of 60,000 tons of lithium-ion battery anode materials. It also aims to enhance service offerings to overseas customers
China’s BTR Group specializing in lithium-ion battery materials announced that it will construct a plant in Morocco’s Tangier Technology City with an investment of USD 366 million. The construction of the plant is expected to take approximately two years.
Under its new project, BTR aims to achieve an annual production capacity of 60,000 tons of lithium-ion battery anode materials. It also aims to enhance service offerings to overseas customers. Morocco has consistently emphasized the importance of boosting its automotive industry and its production of car batteries to emerge as the most competitive platform for electric car manufacturing.
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Morocco’s commitment to transit to 100% electric car mode by 2030 is well known with an integrated industrial system. In March of this year, Morocco signed a groundbreaking investment agreement with BTR for the construction of a cathode factory dedicated to electric vehicles courtesy of the Chinese group. The venture will lead to the creation of 2,500 job opportunities.
