Head of Government Aziz Akhannouch chaired, Wednesday, May 31, in Marrakech, a signing ceremony of a memorandum of understanding between the Moroccan State and the Gotion High-Tech group, to define the contours of a Gigafactory project and its integrated ecosystem in Morocco.
Initiated by the Sino-European group Gotion High-Tech, this industrial ecosystem for the production of batteries for electric vehicles and energy storage systems in Morocco would require an investment estimated at 65 billion dirhams for the creation of more than 25,000 jobs. . For the study of its investment project, Gotion High-Tech selected Morocco, which has established itself as the leader of the automotive industry in Africa. The Gotion High-Tech group’s investment would enable the implementation of complete battery production solutions for a capacity that could eventually reach 100 GWh/year. The project would be located in the Rabat-Salé-Kénitra region, in the municipality of Bouknadel.
Morocco’s partnership with a key player in the renewable energy and electric mobility sector, whose reference shareholder is the Volkswagen automotive group, will propel the kingdom into a leader in the sector. The Minister Delegate in charge of Investment Mohcine Jazouli indicated on this occasion that “this memorandum is a necessary first step, prior to the signing of an investment agreement, which should allow the launch of a Gigafactory able to consolidate the position of leading player in the automotive industry of the Kingdom, made possible by the leadership of King Mohammed VI”.
For Li Zhen, President of Gotion High-Tech, “ the group is eager to contribute to the global development of green mobility solutions”. Li Zhen pointed out that “Gotion is also happy to cooperate with Morocco on this project to contribute to decarbonization and the deployment of innovative energy solutions. The vision of His Majesty King Mohammed VI has enabled Morocco to establish good economic relations with many countries around the world”.
A leader in the electric battery industry, Gotion High-Tech has nearly 20,000 employees worldwide, across multiple locations in Asia, Europe and North America. Gotion High-Tech achieved $3.2 billion in revenue in 2022, an increase of 122.59% over the previous year. The company is an industry leader in certain key technologies, such as LFP, NMC and semi-solid 210 Wh/kg LFP and 360 Wh/kg battery technology.
