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BTR to open a second plant in Morocco: Chinese EV battery components maker BTR New Material is establishing a USD 366 mn lithium-ion battery anode plant in Morocco, according to a statement published last week. The factory will have a production capacity of 60k tons of the anode materials annually and will be located in Tangier Technology City. It will take two years to build.
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BTR 💚 Morocco: BTR signed an agreement with the government of Morocco for a USD 297 mn cathode factory for electric vehicle batteries last March. The project is set to be completed in two phases. The first phase will have a capacity of 25k tons per year and is slated for completion in September 2026. BTR said it will invest MAD 13 bn (USD 1.2 bn) to build a production facility in Morocco per a signed MoU with the country’s Investment Ministry and the Moroccan Agency for Investment and Export Development
Morocco is becoming a battery hub: Chinese battery minerals producer Zhejiang Huayou Cobalt was exploring a USD 20 bn electric vehicle battery plant in Morocco in August and Chinese battery giant CNGR teamed up with Morocco-based pan-African investment fund Al Mada in September to build a USD 2 bn industrial base for battery parts production and recycling. Global tech giant ABB Group also signed an MoU in December with Chinese EV battery manufacturer Gotion High-Tech to help build its EV batteries gigafactory currently under study in Morocco. Carmakers Renault and Stellantis already operate EV assembly facilities producing 700k cars each year. Citroen also produces around 50k EV buses per year with plans to double that output in two years.
IN OTHER BATTERY NEWS- Turkey to get a lithium battery plant: China’s Ganfeng Lithium Group has signed a USD 500 mn joint venture agreement with Turkish battery producer YİĞİT AKÜ to establish a 5 GWh lithium battery production plant in Turkey, Reuters reported on Friday. Ganfeng Lithium is the world’s third largest lithium compound producer and the largest producer of its kind in China. It is also the world’s largest lithium metal supplier. No further details about the project were disclosed.
Turkey’s EV industry is blooming: Chinese EV maker BYD signed an agreement with the Turkish government to build a USD 1 bn EV and hybrid production plant in the country last month. Chinese automakers Chery and Saic are in talks with Turkish authorities and potential domestic partners to invest over USD 1 bn each in setting up electric and hybrid manufacturing facilities in Turkey.
The Chinese firm’s interest in the Mena region is growing: Saudi’s Royal Commission for Yanbu met with a delegation from Ganfeng last year to discuss the investment environment in the kingdom, specifically the opportunities available in Yanbu Industrial City.
Ganfeng Lithium is looking towards Africa to secure materials: Ganfeng Lithium is building a lithium ore processing plant with an 18k ton daily capacity in Nigeria. The firm has also made investments in a lithium mine in Zimbabwe last year.
