How will Morocco benefit from China's battery industry?

Morocco is starting to benefit as a bridge between Chinese companies and western markets as countries race to build battery industries that will determine the future shape of the automotive and clean energy sectors.

Will Morocco set up an electric vehicle battery plant?

Last year, the Moroccan government and China's Gotion agreed to look into setting up an electric vehicle battery plant in the kingdom with up to $6.3 billion in eventual investment. Industry minister Ryad Mezzour told Reuters last month the Gotion project was advancing with discussions on the footprint and location.

Will China and shinzoom set up two separate battery plants in Morocco?

RABAT, May 15 (Reuters) - Chinese auto battery manufacturers Hailiang and Shinzoom will set up two separate plants in Morocco, as the country seeks to adapt its growing automotive sector to increasing demand for electric vehicles, Moroccan officials said on Tuesday.

Can Morocco be a leader in EV battery manufacturing?

The investment is the first of its kind in Africa and the Middle East and represents Morocco’s push to be a leader in EV battery manufacturing. The gigafactory will create around 17,000 direct and indirect jobs, including 2,300 highly skilled positions.

Is Morocco a good place to buy a battery?

Morocco is also home to 70 percent of the world’s reserves of phosphate, a key material in the cheaper, lower-range batteries produced primarily by Chinese companies.

Can Morocco become a centre for electric vehicle manufacturing?

Workers at a Mitsubishi factory in Japan install an EV battery. Morocco has 70% of the world's phosphate, a vital material for batteries Morocco’s plan to become a centre for electric vehicle manufacturing has received a boost from two Chinese companies, as the kingdom benefits from the cooling relations between Beijing and Washington.