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.
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.
What is gotion power Morocco?
The Moroccan project, led by Gotion’s wholly-owned subsidiary Gotion Power Morocco S.A., will be located in the Rabat region. Designed for phased development over five years, it aims to integrate battery cell production with a localized raw material supply chain, leveraging Morocco’s strategic industrial base and regional advantages.
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.
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