The industrial site should notably produce cathodes for lithium-iron-phosphate batteries and active precursor materials for nickel-manganese-cobalt batteries.
The Chinese manufacturer of battery components for electric vehicles CNGR Advanced Material Company and Al Mada, a Moroccan investment fund with private capital, announced, in a joint press release published Tuesday, September 19, that they would build an industrial complex in Morocco for an investment of 20 billion Moroccan dirhams (around 2 billion dollars).
The site will be located in Jorf Lasfar (110 km southwest of Casablanca), not far from the facilities of the OCP group (formerly Office Cherifien des Phosphates), the world’s leading exporter of raw phosphate, phosphoric acid, and phosphate fertilizers. , we specified from the same source.
It is expected to begin producing its first electric battery components in 2025.
Morocco is very rich in phosphate ore, an essential component in the manufacture of lithium-iron-phosphate (LFP) batteries, the safest and most widely used lithium battery technology in electric vehicles.
This North African country, a signatory to a free trade agreement with the United States, is also located at the gateway to Europe, a growing market for electric vehicles.
The factory plans in particular to develop LFP cathodes, “ precursor active materials ” for nickel-manganese-cobalt (NMC) batteries, and recycling units for battery components.
Its production, which should be sufficient to equip more than a million electric vehicles per year, will mainly be exported.
Active in around thirty countries in Africa and Europe, Al Mada is an investment fund majority owned by the Moroccan sovereign Mohammed VI.
