Morocco:  BTR Group, a Chinese company specializing in lithium-ion battery materials, has announced plans to build a new plant in Morocco’s Tangier Technology City. The investment for this project is estimated to be USD 366 million, with construction expected to take approximately two years.

The new facility aims to achieve an annual production capacity of 60,000 tons of lithium-ion battery anode materials. This initiative is part of BTR’s strategy for international expansion and is positioned to enhance service offerings to overseas customers.

Morocco has been actively working to strengthen its automotive industry, particularly in the production of electric vehicle batteries. Last year, Minister of Industry Riyad Mezzour expressed aspirations for Morocco to become a leading platform for electric car manufacturing. He emphasized the country’s commitment to transforming the electric car sector, aiming for a fully integrated industrial system by 2030.

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In March, Morocco signed an investment agreement with BTR that included plans for a cathode factory dedicated to electric vehicles. This venture is expected to create approximately 2,500 job opportunities. Investment Minister Mohcine Jazouli noted that this investment is part of a broader strategy to position Morocco as a key player in the automotive industry and contribute to the green mobility revolution.

As the global demand for electric vehicles (EVs) continues to surge, countries are increasingly focusing on establishing robust supply chains for battery production. Morocco, strategically located at the crossroads of Europe and Africa, is emerging as a pivotal player in this transition towards sustainable mobility.

The recent announcement by BTR Group to invest in a lithium-ion battery materials plant in Tangier underscores Morocco’s commitment to becoming a leader in the EV sector. This investment not only aligns with the country’s industrial ambitions but also reflects a broader trend of international companies recognizing Morocco’s potential as a manufacturing hub for green technologies. With government support and strategic initiatives, Morocco is poised to capitalize on the growing electric vehicle market, creating jobs and fostering economic growth in the process.

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