The African Development Bank has approved a €100 million loan to finance Africa and MENA's first integrated lithium-ion phosphate battery factory in Morocco.
Key points
- The project is led by China's Gotion High-Tech through its local entity Gotion Power Morocco.
- The facility will be located in the Rabat-Salé-Kénitra free zone.
- Initial production capacity is targeted at 10 gigawatt-hours, eventually scaling up to 100 gigawatt-hours.
- The initiative aims to create over 600 direct jobs and achieve a 70 percent local industrial integration rate.
Why it matters
This investment strengthens Morocco's role in global clean energy and electric vehicle supply chains while supporting industrialization and renewable energy transitions across Africa.
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