The complex will ultimately have a production “capacity equivalent to 70 GWh per year, enough to equip nearly one million electric vehicles annually”, according to operator Cobco, a joint venture between the Moroccan royal family’s holding company Al Mada and the Chinese firm CNGR Advanced Materials.
- Published On Jun 26, 2025 at 12:05 PM IST
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A Chinese-Moroccan joint venture announced on Wednesday the inauguration of a new factory for electric car battery components, the first of its kind in the North African country.
The complex will ultimately have a production “capacity equivalent to 70 GWh per year, enough to equip nearly one million electric vehicles annually”, according to operator Cobco, a joint venture between the Moroccan royal family’s holding company Al Mada and the Chinese firm CNGR Advanced Materials.
The first phase of the project will produce nickel-manganese-cobalt precursor cathodes, “essential components for batteries used in electric vehicles and stationary energy storage”, Cobco said in a statement.
The venture will eventually comprise three “complementary” projects, it added, including a facility for refining critical metals and recycling old batteries.
China has become a global leader in electric vehicle battery production, while Morocco has recently invested heavily in renewable energy, which currently accounts for 38 percent of the electricity produced in the country.
- Published On Jun 26, 2025 at 12:05 PM IST
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