The Moroccan government signed a $300 million agreement with China’s BTR New Material Group to build a plant in the port city of Tangier to produce cathodes used in electric vehicle (EV) batteries.
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China-Morocco Cooperation to Build a New Energy Battery Material Base in the Pan-Atlantic Region
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The Moroccan government signed a $300 million agreement with China''s BTR New Material Group to build a plant in the port city of Tangier to produce cathodes used in electric vehicle (EV) batteries. The government
CNGR Morocco New Energy, a subsidiary of CNGR, will hold a majority 50.03 percent stake in the joint venture, while Al Mada''s subsidiary NGI will hold 49.97 percent. The
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China-Morocco Cooperation to Build a New Energy Battery Material Base in the Pan-Atlantic Region
[next] BTR plans to construct a lithium battery cathode material project in Morocco with an annual production capacity of 50,000 tons.
In a related development, Chinese electric vehicle battery manufacturer Huayou announced in August its ambitious investment of about $20 billion to construct a facility in Morocco’s Laayoune Sakia El Hamra region. The company wants to manufacture batteries for 6 million vehicles annually.
CNGR Advanced Materials and the African investor Al Mada are planning a joint venture to produce battery materials in Morocco. The exact location for the plant has already been announced, as has the start of production - provided the official permits are granted in time.
Morocco boasts abundant phosphate resources, a vital ingredient in the fabrication of lithium ferrophosphate (LFP) cells indispensable for EVs. The venture intends to develop precursor materials for nickel-cobalt-manganese (NCM) batteries, alongside manufacturing units for LFP cathodes and recycling facilities dedicated to battery materials.
CNGR and Al Mada plan to build a plant in Jorf Lasfar in the El Jadida region of Morocco to process national raw materials (especially cobalt, phosphate and manganese) into battery components. The focus will be on producing precursors for NCM and LFP cathode materials. The plant will also include recycling facilities.
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